- House of Representatives plans to include Tax Amnesty Bill in 2025 National Legislation Program
- First tax amnesty program ran from 2016 to 2017, offering tax evaders lower payment for declaring hidden assets
- Commission XI Chairman Misbakhun to discuss program details with Finance Ministry
- Tax amnesty program could be implemented in 2025 to allow reorganization of taxation sector
- VAT increase from 11% to 12% deferred to government decision
- Law stipulates VAT rate increase to 12% by Jan. 1, 2025
- Government to consider factors like declining middle class and purchasing power before implementing VAT hike
Source: jakartaglobe.id
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.
