Indonesia passes major tax overhaul bill and VAT to rise next year


JAKARTA, Oct 9 (Reuters): Indonesia's parliament approved a law on Thursday for one of the country's most ambitious tax overhauls, including raising VAT next year, a new carbon levy and cancelling a planned corporate tax cut.

The law is aimed at optimising revenue collection and improving tax compliance, after state coffers took a big hit this year and in 2020 due to the COVID-19 pandemic.

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Indonesia , Reform , New Tax Bill , Vat , To Be Raised , 2022

   

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