Bisnis, JAKARTA — The government has decided to proceed with the 12% Value Added Tax (VAT) rate despite concerns over declining purchasing power. At the same time, an economic stimulus package, including provisions for the automotive sector, has been introduced.
Anticipating Boost from Automotive Stimulus Package
The Indonesian government has been offering various tax incentives aimed at supporting the middle class, who are key drivers of domestic consumption. These tax discounts for property and automotive purchases are designed to stimulate demand and prevent a downturn in the economy, particularly in the
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