VAT Hike

Auto industry expects minimal impact on car sales from VAT hike – Economy

by

ndonesian carmakers are expecting a minimal impact from the planned value-added tax (VAT) increase to 12 percent which is set to take effect in January 2025, thanks to fiscal incentives designed to offset the burden. The Indonesian Automotive Manufacturers Association (Gaikindo) said the incentives would help alleviate concerns from businesses and industry players about the … Read more

Jokowi Backs VAT Hike to 12 Percent Despite Public Outcry

by

Solo. Former President Joko “Jokowi” Widodo has voiced support for the government’s decision to raise the value-added tax (VAT) rate from 11 percent to 12 percent, despite public opposition. “The government must have already conducted calculations and considerations regarding the concerns raised by the public,” Jokowi said on Friday in Solo, Central Java. The VAT hike, … Read more