Former President Joko Widodo supports the government’s decision to increase VAT from 11% to 12%, citing legal obligations.
In its bid to get additional revenue for the current fiscal, the government has decided to increase the Value Added Tax (VAT) ...
Addressing the businessmen and industrialists, Commerce Adviser Sheikh Bashir Uddin said: "Take a resolution, come together, ...
China has passed a comprehensive value-added tax law, effective in January 2026, consolidating regulations and offering ...
Income tax, however, remained stagnant. Data shows income tax-to-GDP ratio went up from 4.1 percent in 2021 to 5.1 percent in ...
Indonesia on Monday announced economic measures to soften the blow of an increase in the value-added tax rate, including ...
We take a look at the new VAT thresholds, social charges, and profit-sharing mandates for businesses, plus school reforms and ...
Indonesia will proceed with its value-added tax hike in 2025, while offering a raft of incentives to mitigate the impact on ...