Value-added tax
Thailand to keep value-added tax at 7% for another year, official says
[BANGKOK] Thailand’s cabinet on Tuesday approved keeping the value-added tax at 7 per cent for another year, Deputy Finance Minister Julapun Amornvivat said. REUTERS
Tax reforms vs citizen comfort: how Malaysia and Indonesia walk a tightrope
The major Asean economies aim to strengthen fiscal health while easing the burden on citizens, though some public backlash may be inevitable
Indonesia's president agrees to selective VAT hike
Starting Jan 1, 2025, VAT will rise to 12% from 11% currently
Indonesian parliament proposes VAT hike only for luxury items
INDONESIA’S parliament said on Thursday (Dec 5) it had proposed to the government to only raise the current value-added tax (VAT) rate for luxury items to avoid an impact on low income people.
Indonesia to press ahead with VAT hike, minister says
INDONESIA will next week confirm it is hiking the value-added tax (VAT) rate to 12 per cent, the Coordinating Minister for Economic Affairs said late on Tuesday (Dec 3), despite huge public pressure t...
Business, labour opposition grows to Indonesia’s scheduled value-added tax increase
INDONESIAN businesses and unions have called for a legislated increase in the value-added tax (VAT) rate to be paused because the economic environment is deteriorating, as the government has signalled...
Business uproar mounts as Indonesia pushes VAT hike amid sluggish demand
Set to take effect on Jan 1, it adds pressure to an already fragile economy, stoking fears of reduced consumer spending and strained business operations
