Title: OJK Clarifies Upcoming 12% VAT on Luxury Goods & Services; Impact on Capital Markets In a recent development, the Otoritas Jasa Keuangan (OJK) has provided clarity on the impending 12% value-added tax (PPN) set to be implemented on luxury goods and services starting January 2025. This new policy has. // // KEY POINTS // … Read more
"Salah Issues PPN Invoices 11/12, Tax Chief Offers This Relief"
Title: Indonesia‘s Tax Office: No Sanctions for Late or Incorrect VAT Invoices During Transition Period Jakarta, CNN Indonesia – Indonesia’s Directorate General of Taxes (DGT), led by Suryo Utomo, has assured businesses that they will not face penalties for late or incorrect VAT invoices during the initial three-month transition period for the new VAT rates. … Read more
"The 4 Vehicle Types Subject to 12% VAT in 2025"
Headline: New PPN 12% Regulation: 4 Types of Vehicles Affected in 2025 effective January 1, 2025, certain mobiles and motorcycles have begun incurring a 12% Value Added Tax (PPN). This new tax rate, outlined in PMK Nomor 42/PMK.010/2022, applies to luxury goods, including specific vehicle types. Previously, vehicles subject to PPN 12% were those already … Read more
Tax Chief’s Resistance to Prabowo’s Audit: Should He Resign?
Headline: Clarity on Indonesia‘s PPN 12%: Lawmaker Challenges Director General of Taxation‘s Interpretation In a surprising turn of events, the planned implementation of Indonesia’s 12% Value Added Tax (PPN) by the end of 2024 has sparked confusion and concern, with a top lawmaker accusing the Director General of Taxation of misinterpreting presidential directives. President Prabowo … Read more
Calculating PPN using DPP 11/12 Sales Price, DJP Code: 04
Headline: Understanding Indonesia’s New PPN Billing Rules: DPP Nilai Lain and Kode Faktur 04 Article: JAKARTA — The Directorate General of Taxes (DJP) has clarified the application of the Value Added Tax (PPN) in Indonesia, with a focus on the use of the Different Value Added Tax Base (DPP Nilai Lain) and Faktur Pajak code … Read more
Headline: Indonesia‘s PPN Hike: What You Need to Know About the 12% Tax on Luxury Goods and Services Jakarta, CNBC Indonesia – The Indonesian government has confirmed that it will proceed with the planned increase in Value Added Tax (VAT) to 12% for certain luxury goods and services, effective January 1, 2025. Minister of Finance … Read more
"PDIP’s Rieke Addresses Allegations of 12% Commission Provocation Amid MKD Nomination"
Headline: Rieke Diah Pitaloka of PDIP Refuses MKD DPR Invitation, Questions Verification Process In a recent development, Member of Parliament (DPR) and a key figure in the Indonesian Democratic Party of Struggle (PDI Perjuangan), Rieke Diah Pitaloka, has publicly stated that she will not attend a hearing at the DPR’s Ethics Council (MKD DPR) amid … Read more
Headline: PDP‘s Rieke Diah Pitaloka’s Intervention on PPN Hike Sparks Controversy,andet DPR’s MKD Article: Rieke Diah Pitaloka, an Indonesian Democratic Party of Struggle (PDI-P) lawmaker, recently sparked a controversy after her intervention on the proposed 12% Value Added Tax (PPN) hike was viewed as a provocation. Her remarks were subsequently reported to the House of … Read more
Headline: Indonesian Parliament‘s Ethics Panel Summons PDIP MP Rieke Diah Pitaloka Over PPN 12% Delay Remarks Article: The Ethics Committee of the Indonesian House of Representatives (DPR), known as the Mahkamah Kehormatan Dewan (MKD), has received a complaint against PDI Perjuangan (PDIP) member Rieke Diah Pitaloka. The complaint arises from her remarks during a DPR … Read more
Title: GNB Urges Government to Reconsider PPN 12% Hike, Citing Marginalized Middle Class Jakarta, CNN Indonesia — The Gerakan Nurani Bangsa (GNB) has called upon the government not to burden the middle and lower-middle classes with a hike in the Value Added Tax (PPN) to 12% starting in 2025. This appeal was made by GNB’s … Read more