Mulai 1 Januari 2025, Ini Daftar Barang Mewah Kena PPN 12 Persen

Summary

The transcript outlines key points discussed by a government official, addressing the impact of a 12% VAT increase on luxury goods, such as private jets, yachts, and high-end properties, as stipulated by Indonesian regulations. Essential consumer goods like food and healthcare remain exempt or at the previous 11% rate. The official emphasizes the continuation of economic stimulus packages, including subsidies for essential sectors, electric vehicles, and small businesses. The government’s approach is aimed at maintaining economic stability and growth, especially in light of global challenges. A press conference will follow for further details on these measures.

Takeaways

• 😀 The 12% VAT increase will only apply to luxury items such as private jets, luxury homes, and yachts, starting January 2025.
• 😀 Goods and services that currently have an 11% VAT rate will remain unchanged, with no increase to 12%.
• 😀 Essential goods like food, healthcare, and public transportation will remain VAT-exempt at 0%.
• 😀 The government has confirmed that luxury goods will be taxed under the new 12% VAT, but only those deemed 'luxury' as defined by regulation.
• 😀 A substantial economic stimulus package, totaling 265.6 trillion IDR, will continue to support various sectors, including low-income households and small businesses.
• 😀 Individuals and households will continue to receive support such as subsidized electricity bills and food assistance, including rice for the first two months of 2025.
• 😀 Workers affected by layoffs will have access to easier job loss compensation and other support mechanisms to alleviate the economic impact.
• 😀 Small businesses with annual revenues below 500 million IDR will be exempt from income tax (PPh) until the end of 2025.
• 😀 The government will continue offering tax relief for employees earning up to 10 million IDR per month, with personal income tax for these individuals covered by the government.
• 😀 For the housing sector, the government will continue to subsidize VAT on homes priced up to 5 billion IDR, with full subsidies until June 2025 and a 50% reduction thereafter.

Q & A

What is the purpose of the 12% VAT mentioned in the transcript?

The 12% VAT is applied to luxury goods and services, specifically to high-end items such as private jets, yachts, luxury homes, and other items categorized as 'luxurious.' This rate increase applies only to a limited number of products that were previously subject to the luxury goods tax (LGT) under PMK 15/2023.

Which goods and services will see a 12% VAT increase?

The 12% VAT increase applies to luxury goods such as private jets, yachts, luxury homes (selling for over 300 billion IDR), certain aircraft, luxury cars, and firearms (except those for government use). It does not affect most everyday consumer goods or services.

Will the VAT rate increase affect everyday goods and services?

No, the VAT increase to 12% only affects luxury goods. Everyday items and services, which have been taxed at 11%, will continue to be taxed at that rate. There is no VAT increase for most goods and services that are consumed by the general public.

What are some examples of goods that remain exempt from VAT or are taxed at 0%?

Goods exempt from VAT or taxed at 0% include basic foodstuffs like rice, corn, fruits, vegetables, meat, and milk, as well as transportation services such as train and airplane tickets, public transport, health services, education services, and various financial services like insurance and pensions.

What is the significance of the stimulus mentioned in the script?

The stimulus refers to a series of financial relief measures aimed at supporting the economy and vulnerable populations. These include direct assistance to low-income households, subsidies for electricity, tax exemptions for small businesses, and continued support for key sectors like manufacturing and the electric vehicle market.

How does the government plan to manage the impact of the VAT increase on society?

The government has designed the VAT increase to apply only to luxury goods, minimizing the impact on the general public. Additionally, stimulus programs worth 265 trillion IDR will remain in place to support those affected by economic pressures, ensuring that basic goods and services remain affordable.

What are some of the stimulus programs mentioned in the transcript?

Stimulus programs include: 50% electricity discounts for households with 2,200 VA capacity or lower for two months, cash assistance for workers who experience layoffs, tax relief for small businesses, and subsidies for vehicle purchases, particularly electric and hybrid vehicles. There are also tax exemptions for low-income workers and MSMEs.

What is the government’s stance on tax fairness, as mentioned by the president?

The president emphasizes the importance of tax fairness, aiming to ensure that the tax system is equitable and focuses on taxing luxury goods more heavily while protecting the purchasing power of the general population. This approach is intended to balance the economic pressure while encouraging fairness in the taxation system.

Will the VAT rate increase immediately impact consumers?

No, the VAT increase will not have an immediate impact, as it is scheduled to take effect starting January 1, 2025. In the meantime, existing tax rates will continue to apply, and there will be no changes for the majority of goods and services.

How will the government ensure that small businesses are not burdened by increased taxation?

Small businesses will be supported through various tax relief measures, including a tax exemption for businesses with annual revenue under 500 million IDR, who will not be required to pay income tax (PPh). This is part of the broader stimulus package aimed at minimizing the impact of the economic environment on small enterprises.