- President Prabowo Subianto implemented a 12 percent VAT on luxury goods
- Deputy Chairman Eddy Soeparno praised the policy as consistent with economic policies that support all citizens
- Soeparno highlighted that the VAT reflects attention to public aspirations gathered from social media and petitions
- President Prabowo is committed to democratic engagement and listens to public opinions
- The People’s Consultative Assembly supports Prabowo’s policies aimed at a prosperous and just Indonesia
- Policies include debt cancellation for MSMEs and stopping rice imports to support local farmers
- The government raised VAT on luxury goods and services from 11 percent to 12 percent effective January 2025
Source: en.antaranews.com
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.
