The Indonesian Government will likely put on hold the implementation of its plan to increase value-added tax (VAT) to 12 percent by January 1, 2025, according to National Economic Council chairperson Luhut Binsar Pandjaitan. A postponement is almost certain," he remarked in Jakarta on Wednesday. He explained that the government would initially formulate and distribute a stimulus or incentive to those belonging to the middle class before eventually executing its VAT increase plan. "Before proceeding to the 12 percent VAT policy, we need to provide a stimulus to strengthen the economy of those in need," he noted. Elaborating on the incentive, Pandjaitan underscored that it would take the form of subsidies for electricity rather than direct cash aid to ensure effectiveness and prevent misuse. He then affirmed that the government had opted to allocate a portion of the state budget (APBN) to the provision of the electricity incentive while noting that the distribution mechanism will soon be ready.(source : https://en.antaranews.com/news/336053/indonesia-to-provide-incentive-before-executing-vat-increase-plan?utm_source=antaranews&utm_medium=desktop&utm_campaign=category_home) (ICE GIACARTA)

Fonte notizia: Antara, 28/11/2024