- Indonesian government to raise VAT to 12% in January next year
- Decision made to ensure national budget revenue
- Critics argue that the tax increase will hurt consumers and reduce purchasing power
- Indonesia aims to collect over 2.49 quadrillion IDR for fiscal year 2025
- Lawmaker calls for review of VAT collection policy to prevent harm to economy
- Indonesia’s economic growth has remained steady at around 5% since COVID-19 pandemic
Source: en.vietnamplus.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
