#luxury goods

Collection of luxury goods news, found 100 news.

New VAT policy protects industries, maintains purchasing power: Kadin

The government's decision to impose a 12 percent value-added tax (VAT) only on luxury goods and services could help ...

VAT on luxury items proves president leaves no one behind: MPR

President Prabowo Subianto's policy to implement a 12 percent value-added tax (VAT) for luxury goods reaffirms his ...

President Prabowo greets soldiers in Papua on New Year's Eve

President Prabowo Subianto greeted thousands of National Armed Forces (TNI) soldiers stationed in Papua via video call ...

RI plans USD2.3 bln stimulus coinciding with VAT increase

The Indonesian Government has committed to providing an economic stimulus package worth Rp38.6 trillion (around USD2.3 ...

President Prabowo says 12% VAT will only apply to luxury goods

President Prabowo Subianto has clarified that the increased value-added tax (VAT) of 12 percent will only be applicable ...

President Prabowo announces Jan rollout of 12 percent VAT

President Prabowo Subianto on Tuesday announced that the increase in the value added tax (VAT) from 11 percent to 12 ...

Rural residents to not reel from 12 percent VAT: ministry

The government's decision to increase the value-added tax (VAT) from 11 percent to 12 percent next year will not ...

Indonesia attracts EV plants from three global automakers: minister

Three global car manufacturers are committed to establishing automotive factories in Indonesia, primarily to produce ...

Govt to provide details on 12% VAT on Monday: minister

The government will share additional details about its plan to increase value-added tax (VAT) to 12 percent as well as ...

Gov't to announce 2025 policies on tax, business incentives next week

The Indonesian government plans to announce several fiscal policies next week, including those related to taxes and ...

EV development significant for economy, environment: Minister

Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized the strategic role of developing an electronic ...

GAIKINDO accepts govt decision to nix hybrid car incentives

The Association of Indonesian Automotive Industries (GAIKINDO) has accepted the government's decision to withhold ...

Tax incentives aim to boost Nusantara economy: Indonesian minister

The tax facilities for the development of Nusantara in East Kalimantan will aim to help the new capital city become ...

Indonesian govt to offer incentives for hybrid cars amid EV push

Coordinating Minister for Economic Affairs Airlangga Hartarto has announced that the government plans to roll out ...

Ministry blames gap between income, car prices for stagnant sales

The Ministry of Industry has attributed the stagnation in new car sales to the big gap between the annual income of ...