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value-added-tax

Archipelago 3 months ago

PREMIUM
Batam FTZ status prevents local MSMEs entering national market

Goods, including non-commercial ones, shipped from Batam have to pay high taxes to enter Indonesian customs area.

Regulations 5 months ago

PREMIUM
Govt weighs VAT cut to boost sluggish consumption

Indonesia has long struggled to lift its tax-to-GDP ratio beyond the 10 percent mark, with the figure worsening from 10.3 percent in 2023 to 10.08 percent last year.

Academia 5 months ago

PREMIUM
Rethinking value-added taxes for developing economies

In resource-rich developing countries, value-added tax (VAT) has not delivered the expected benefits, failing to make up for lost tariff revenues and leaving governments with significant fiscal shortfalls.

Regulations 5 months ago

Prioritizing the short term

Recent indicators suggest that Indonesia's recent challenges are centered on declining purchasing power.

Companies 1 year ago

X, Spotify, other digital services see 12% VAT on fees

The fees for some digital services, primarily premium subscriptions, have been subject to a 12% VAT since Wednesday, when the new rate went into effect.

Editorial 1 year ago

VAT hike with cashback

There is no shame in VAT hike, yet our government appears to be embarrassed by its own decision.

Regulations 1 year ago

PREMIUM
Govt mulls pushing back VAT hike to roll out social aid first: Luhut

Luhut Pandjaitan, head of the National Economic Council, said a value-added tax (VAT) hike might be pushed back by two or three months as the government seeks to roll out social aid to keep the economy going.

Regulations 1 year ago

PREMIUM
VAT hike faces backlash all around

Business associations and netizens have expressed disapproval of the planned value-added tax (VAT) hike set to go into effect at the turn of the year, arguing that the timing is not right as spending power has been losing vigor.

Regulations 2 years ago

PREMIUM
VAT hike ‘could backfire’, posing threat for state revenue

The plan to quickly generate additional income for the state comes at the wrong time and alternative revenue streams should be considered instead, experts say.

Regulations 2 years ago

PREMIUM
Finance minister rolls out VAT discount for electric vehicles

Finance Minister Sri Mulyani Indrawati has issued a regulation providing more value-added tax (VAT) discounts for purchasers of electric cars and buses in 2024.

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