- Indonesian rupiah falls after President Prabowo Subianto softens a planned VAT increase
- Subianto unexpectedly announced just before the new year that a general VAT increase was planned
- VAT will still increase for certain motorcycles and other vehicles
- VAT accounts for a quarter of the country’s total tax revenue
Source: fd.nl
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.
