U.S. Investment in Indonesia Reaches $67 Billion in 10 Years
Over the past decade, U.S. investment in Indonesia has reached significant milestones, totaling $67 billion in direct investments. According to a recent report by the American Chamber of Commerce in Indonesia (AmCham Indonesia), This surge has generated an impressive $130 billion in economic impact between 2014 and 2023. This wave of private investment has
The post U.S. Investment in Indonesia Reaches $67 Billion in 10 Years appeared first on Expat Indonesia.
Luhut Hints at Possible VAT Hike Delay, Government Prioritizes Subsidies
The Chairman of the National Economic Council, Luhut Binsar Pandjaitan, said that President Prabowo’s administration is likely to delay the increase in the Value-Added Tax (VAT) rate to 12% next year. According to Luhut, instead of implementing the VAT hike, the government plans to provide stimulus or incentives to the public, particularly the middle class.
The post Luhut Hints at Possible VAT Hike Delay, Government Prioritizes Subsidies appeared first on Invest Indonesia.
VAT Implementation Almost Certainly Delayed
Chair of the National Economic Council (DEN,) Luhut Binsar Pandjaitan, has stated that President Parbowo’s administration will “almost certainly delay” the proposed 12 percent VAT hike, scheduled for January 1, 2025, according to reporting from Tempo. According to Luhut, the likely delay of the new VAT rate increase is because the government will first provide stimulus
The post VAT Implementation Almost Certainly Delayed appeared first on Invest Indonesia.
