The Year-End Drama: VAT Hike U-Turn
The planned increase in VAT was canceled at the last minute. Mass pressure and political lobbying changed the president’s decision.
Ghoida Rahmah
January 13, 2025
SURYADI Sasmita’s cell phone hardly stopped ringing on Tuesday afternoon, December 31, 2024. The Deputy of the Fiscal and Public Policy at the Indonesian Chamber of Commerce and Industry (Kadin) kept receiving phone calls and text messages from business owners.
Kadin members were asking for clarification regarding the statement by President Prabowo Subianto and Finance Minister Sri Mulyani Indrawati about the cancellation of the planned in
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