Bussiness | Economy
Indonesia's VAT rate rises to 12%: Higher than Japan, South Korea, Australia, and Canada
14:51, 14 Oct 2024
DIGIVESTASI - The Value Added Tax (VAT) in Indonesia will increase from 11 percent to 12 percent starting January 1, 2025. With this increase, Indonesia's VAT will surpass several Asian countries such as Japan and South Korea, which apply a VAT rate of 10 percent. In fact, countries such as Aust