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Economy
Canceled Increase, Government Affirms 12% VAT Only Focuses on Luxury Goods
Jakarta – Coordinating Minister for Political and Security Affairs (Menko Polkam), Budi Gunawan, appealed to the public not to worry about the policy of increasing Value Added Tax (VAT)…
Government’s Strategic Decision to Hold VAT Increase to Support People’s Purchasing…
By : Alexander Joshua Galen )*
The government has shown its seriousness in maintaining people's purchasing power through a strategic…
Government Cancels Implementation of 12% VAT, Evidence of Partisanship for the People
Jakarta – The government has officially canceled the plan to implement a 12% Value Added Tax (VAT) for non-luxury goods and services, which was originally planned to come into effect on…
Listening to Public Aspirations, Government Cancels 12 Percent VAT Increase
By: Anindira Putri Maheswani)*
The government's decision not to increase the Value Added Tax (VAT) rate to 12 percent is good news for the wider community. Finance Minister Sri…
Government Launches Economic Stimulus Package to Maintain People’s Purchasing Power
JAKARTA – The Government of the Republic of Indonesia announced a series of economic stimulus packages aimed at maintaining people's purchasing power and stimulating the national…
Strengthening Tourism Drives MSME Growth
*) By: Andi Mahesa
In the midst of efforts to grow the national economy, the tourism sector is one of the main driving forces in this economic growth. Tourism…
Government Ensures 1% VAT Increase Will Not Impact Basic Needs of the Community
Jakarta – The government through the Ministry of Finance (Kemenkeu) ensures that the purchasing power of the lower middle class will remain maintained even though the value added…
VAT Policy Strengthens Long-Term National Economy
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By : Dhita Karuniawati ) *
The government has set a policy…
State Budget Stability Maintained Through 1 Percent VAT Rate Adjustment
Jakarta – The Indonesian government will increase the Value Added Tax (VAT) rate by 1 percent starting January 1, 2025, in accordance with the mandate of Law Number 7 of 2021…
Government Prepares Stimulus for Community After 1 Percent VAT Adjustment
By: Feronika Jasin )*
After adjusting the Value Added Tax (VAT) rate by 1 percent, the government has prepared a number of strategic steps to reduce the economic impact on the…