The Business Times

Value-added tax

ASEAN Business

Thailand to keep value-added tax at 7% for another year, official says

Malaysia is set to roll back its petrol subsidies sometime next year to cut cost and enhance fiscal efficiency.
Opinion & Features
THINKING ALOUD

Tax reforms vs citizen comfort: how Malaysia and Indonesia walk a tightrope

Indonesian parliament members sit as President Joko Widodo delivers a speech ahead of Independence Day, at the parliament building in Jakarta, Indonesia, August 16, 2019. REUTERS/Willy Kurniawan
International

Indonesia's president agrees to selective VAT hike

The clarification came days after Pichai mooted the idea of hiking the consumption tax to 15 per cent from the current 7 per cent to address income inequality and mobilise funds for public investment to boost a sluggish economy.
International

Thailand rules out raising value-added tax after public outcry

Indonesia's VAT is set to rise to 12% on Jan 1, 2025, but public demand for delay mounts.
ASEAN Business

Indonesian parliament proposes VAT hike only for luxury items

Indonesian businesses and unions have called for the legislated increase in the VAT rate to be paused because the economic environment is deteriorating.
ASEAN Business

Indonesia to press ahead with VAT hike, minister says

Almost all products and services are subject to VAT, but staple foods and some items and services related to education and health are exempted.
ASEAN Business

Business, labour opposition grows to Indonesia’s scheduled value-added tax increase

Indonesian Retailer Association warned that the planned tax hike could hit the retail sector hard
ASEAN Business

Business uproar mounts as Indonesia pushes VAT hike amid sluggish demand

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