- Government can delay VAT increase without amending law
- Finance Minister announced VAT increase to 12% from 11% starting January 1
- Law allows government to adjust VAT rates within 5% to 15%
- Keeping VAT at 11% is within legal framework
- Most citizens oppose VAT hike
- Law passed in 2021 under different economic circumstances
- Decision on VAT hike left to new administration
- VAT rate could also be reduced with approval from the House
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.
