Value-added tax

The major Asean economies aim to strengthen fiscal health while easing the burden on citizens, though some public backlash may be inevitable

Starting Jan 1, 2025, VAT will rise to 12% from 11% currently

The tax will not be raised to 15%

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 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...

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...

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