Luxury Goods Slated for 12% VAT from January 1, 2025
Indonesia Increases Luxury Goods VAT to 12% In a significant fiscal move, Indonesian Finance Minister Sri Mulyani has announced that certain luxury items will now be subject to a 12% Value-Added Tax (VAT), up from the previous 11%. This change is outlined in the new Minister of Finance Regulation (PMK) No. 15/2023, which amends Regulation … Read more
Title: Indonesia Hikes PPN on Luxury Goods to 12% CNN Indonesia The Indonesian government has officially announced a tax hike, increasing the value-added tax (PPN) from 11% to 12% exclusively for luxury goods. This was confirmed by President Prabowo Subianto and Minister of Finance Sri Mulyani at a press conference held at the Ministry of … Read more
Presidential Announcement: PPN Increase to 12% Affects Only Luxury Items In a significant move, President Prabowo Subianto has decided to enforce an increase in the Value Added Tax (VAT) rate from 11% to 12% only for luxury items,ercising a restraint that satisfies the spirit of Law No. 7/2021 regarding the Harmonization of Fiscal Laws. Targeted … Read more
"Threat Assessment: PDIP’s Warnings on the 12% PPN Content Proposal"
PDIP Chairperson Questions discipline of DPR Members as Rieke Diah Pitaloka faces MKD Complaint JAKARTA – Deddy Yevry Sitorus, the Chairman of the Indonesian Democratic Party of Struggle (PDIP)’s Central leadership body (DPP), has spoken out about the recent complaint filed against PDIP legislator Rieke Diah Pitaloka with the House of Representatives’ Ethics Council (MKD). … Read more
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Title: Rieke Diah Pitaloka Dilaporkan ke MKD soal Provokasi Tolak PPN 12 Persen Article: JAKARTA, KOMPAS.com – Anggota Fraksi PDI-P DPR RI Rieke Diah Pitaloka dilaporkan ke Mahkamah Kehormatan Dewan (MKD) atas dugaan pelanggaran kode etik. Ketua MKD DPR RI Nazaruddin Dek Gam mengkonfirmasi bahwa laporan terhadap Rieke diterima oleh pihaknya dari pengadu pada 20 … Read more
Rieke Diah Pitaloka Presses For Delay in VAT Increase
Headline: MP from PDI Perjuangan, Rieke Diah Pitaloka, Facing Ethics Probe Over PPN Hike Remarks Subhead: Parliament’s Ethics Body Receives Complaint Amid PPI 12% Increase Controversy Article: A member of Indonesia’s House of Representatives (DPR) from the PDI Perjuangan faction, Rieke Diah Pitaloka, is being investigated by the Mahkamah Kehormatan Dewan (MKD) following a complaint … Read more
Headline: Indonesia: Former Minister and Gerakan Nurani Bangsa Urge Govt. to Scrap 12% VAT Hike Subheading: Rise in Value-Added Tax (VAT) Set to Further Strains on Middle and Lower Classes, Advocates Argue Article: In a late-night meeting on Friday (Dec 27), former Indonesian Minister of Religious Affairs Lukman Hakim Saifuddin and members of the Gerakan … Read more
Indonesia Increases PPN Rate to 12% from January 2025: What We Know So Far In a significant shift, Indonesia’s Value Added Tax (VAT) rate, known as Pajak Pertambahan Nilai (PPN), will rise to 12% starting January 1, 2025. This change affects all transactions, regardless of whether they are conducted in cash or non-cash form. Here’s … Read more
Unveiling the Enigma: Jokowi’s First Menkeu and the Mystery Behind the 12% PPN
Headline: The Mystery Behind Indonesia‘s PPN Hike: First Jokowi-Era Finance Minister Speaks Out Article: Jakarta, CNN Indonesia — The first Finance Minister of the Jokowi administration, Bambang Brodjonegoro, has shed light on the mystery and "hidden hands" behind the increase of Indonesia’s Value Added Tax (PPN) to 12 percent. In a revealing interview with CNBC … Read more
President Jokowi Confirms 12% Value Added Tax (PPN) Increase, Effective January 1, 2025 Jakarta, CNN Indonesia — President Joko Widodo (Jokowi) has finally broken his silence on the upcoming increase in Value Added Tax (PPN), which will rise to 12% starting January 1, 2025. Jokowi stated that the tax hike has already been officially set … Read more