
Gov’t to Raise VAT Rate to 11 Percent on April 1, 2022
In accordance with the Law on Harmonization of Tax Regulations (UU HPP), the rate of Value Added Tax (VAT) will be raised to 11 percent starting April 1, 2022, Minister of Finance Sri Mulyani has announced. The rate, she added, is still below the world-average VAT rate. “The world-average VAT rate is at 15 percent, […]