#VAT
Purbaya reconsiders VAT cut, citing potential Rp70 T revenue loss per 1% reduction
Finance Minister Purbaya Yudhi Sadewa said he is carefully reviewing the government’s plan to lower the value-added tax (VAT) rate, noting that every one percentof tax reduction could cost the State as much as Rp70 trillion (US$4.24 billion) in lost revenue.
Indonesia eliminates VAT on crypto, raises income tax to support local platforms
The government has eliminated the Value Added Tax (VAT) on cryptocurrency transactions while increasing the final income tax (PPh Article 22) rate, as outlined in the newly issued Finance Minister Regulation (PMK) No. 50/2025, which tackes effect on August 1, 2025.