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VAT Flip-Flop Rattles Market

Monday, January 6, 2025

Uncertainty in the government’s policy on VAT increases risks in Indonesia’s financial markets. It could erode investor confidence.

arsip tempo : 173626771775.

Ilustrasi: Alvin Siregar. tempo : 173626771775.

PRESIDENT Prabowo Subianto ushered in 2025 with a policy flip-flop that rattled the markets. On New Year’s Eve, the government abruptly reversed its stance on the planned increase in value-added tax (VAT) from 11 percent to 12 percent, which was scheduled to take effect on January 1, 2025. The hike, for now, being limited to ultra-luxury goods and services.

This last-minute policy shift has not only baffled investors in the financial marke

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Yopie Hidayat

Prabowo Subianto weekly economic review economic growth financial markets VAT
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