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
"Prabowo’s Defense Budget Reignited: Sri Mulyani’s Impact as Minister of Defense"
President Prabowo Emphasizes Budget Cuts, Asks for Understanding Jakarta, Dec 30 (ISA/EVA) – President Prabowo Subianto once again stressed the importance of budget cuts, apologizing to ministries and institutions that didn’t receive their anticipated allocations. Speaking during the Coordinating Meeting for National Medium-Term Development Plan (RPJMN) 2025-2029 at the Bappenas Building in Jakarta, Prabowo acknowledged … Read more
Mastering Indonesia’s New Tax System: A Step-by-Step Guide to Logging into ‘Coretax’ with Sri Mulyani
Headline: Indonesia’s Revenue Department Rolls Out Coretax DJP: Here’s What You Need to Know Subhead: Login, Reset Password, and Navigate the New E-Payment System Starting December 16, 2024 Byline: Jakarta, CNBC Indonesia – The Directorate General of Taxes (DJP), Ministry of Finance, is set to begin the pilot implementation of the Coretax DJP system from … 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