Value Added Tax Increase Starts in January 2025 | KF Map – Digital Map for Property and Infrastructure in Indonesia
Value Added Tax Increase Starts in January 2025
Wednesday, 13 November 2024

The Finance Minister Sri Mulyani Indrawati restated that the Value Added Tax increase as regulated in the Tax Regulation Harmonization Law (UU HPP) will be implemented starting from January 2025. The government will provide direct explanation to the public regarding the background and the benefit of the policy towards the national finance. Moreover, the current national economy is under pressure as shown as the decline in the national consumption in the third quarter of 2024 at 4.91%, lower than in the second quarter of 2024, at 4.93%.

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