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Yachts

Indonesia waters down planned VAT hike in last-minute move

Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on Jan 1 amid escalating public outcry. 

By: Bangkok Post
  • Jan 02 2025
  • 34
  • 4394 Views
Indonesia waters down planned VAT hike in last-minute move
Indonesia waters down planned
Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on Jan 1 amid escalating public outcry.  The VAT rate will be increased to 12% only… [+2630 chars]

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