2024-09-18 17:46:09
Tuesday, September 17, 2024 – 19:52 WIB
The Finance and Taxation Agency of PP GP Ansor has asked that the government’s plan to increase the VAT rate to 12 percent as of January 2025 be postponed. Photo: source for jpnn
jpnn.comJAKARTA – The Finance and Taxation Agency of PP GP Ansor has requested that the government’s plan to increase the Value Added Tax (VAT) rate to 12 percent as of January 2025 be postponed.
This policy is considered to be very burdensome for business actors, especially Micro, Small and Medium Enterprises (MSMEs) and also the community in general who are still struggling to recover from the impact of the pandemic.
It is known that the Government will increase VAT by 12 percent no later than January 1, 2025 in accordance with Law Number 7 of 2022 concerning Harmonization of Tax Regulations (HPP Law) Article 7.
Chairman of the Finance and Taxation Agency of PP GP Ansor Muhammad Arif Rohman stated that the increase in VAT would increase operational costs for the Company as a producer.
This will certainly have an impact on price increases and ultimately will also affect the purchasing power of the community as consumers.
Apart from that, several economic indicators also show that our economic condition is not good.
Deflation has occurred in the last 4 (four) months, the wave of layoffs is increasingly widespread, the manufacturing sector is in a slump, the exchange rate is weakening, then food inflation is relatively high and the percentage of the middle class is shrinking.
On the other hand, GP Ansor understands that the government must increase state revenues to finance development, but increasing VAT rates is not the right solution amidst the still vulnerable economic conditions.
The Finance and Taxation Agency of PP GP Ansor has requested that the government’s plan to increase the VAT rate to 12 percent as of January 2025 be postponed.
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