12% VAT Introduced in January 2025, Key Exemptions Detailed
Coordinating Minister for Economic Affairs Airlangga Hartarto announced that the government will implement a 12% Value-Added Tax (VAT) rate starting January 1, 2025. This policy aligns with the VAT provisions in Law No. 7 of 2021 on Harmonization of Tax Regulations (UU HPP). However, certain goods will receive a reduced VAT rate or remain at
The post 12% VAT Introduced in January 2025, Key Exemptions Detailed appeared first on Expat Indonesia.
Deindustrialization in Indonesia: Investors Still Eager to Capitalize
Deindustrialization in Indonesia is reshaping the economy as the manufacturing sector steadily declines. Industries like textiles and automotive are struggling due to rising labor costs and competition from cheaper markets. However, despite these setbacks, Indonesia’s economy continues to grow, driven by sectors like digital technology and services. Investors, undeterred by the manufacturing downturn, remain eager
The post Deindustrialization in Indonesia: Investors Still Eager to Capitalize appeared first on Invest Indonesia.
Indonesia Aims to Build National MMA Training Camp
The Association of Mixed Martial Arts of Indonesia (Pertacami) is planning to set up a training camp dedicated to national mixed martial arts (MMA) athletes next year, according to reporting from Antara News. Pertacami Chairman Tommy Paulus announced the move after the closing of the GAMMA World MMA Championship 2024 in Tangerang, Banten, on Saturday (14/12/24,) where Indonesia secured one gold
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