Indonesia Is Said to Propose 1% Final VAT for MSMEs: Bisnis

Govt plans to impose a final value-added tax on certain micro-, small- and medium-sized businesses, Bisnis Indonesia newspaper reports, citing unidentified sources.

• MSMEs with max. annual sales of 4.8b rupiah ($335,946) will be subject to 1% final VAT
• NOTE: Indonesia Considers Revamping Value-Added Taxation Structure
• Govt also plans higher VAT rate of 12%-25% for the sale of some luxury goods and services
• NOTE: Indonesia May Tax The Rich, Top Polluters for More Revenue (1)

To contact the reporter on this story:
Grace Sihombing in Jakarta at gsihombing@bloomberg.net

To contact the editors responsible for this story:
Yudith Ho at yho35@bloomberg.net

Rieka ...