[FULL] Menkeu Sri Mulyani Sampaikan Rincian Barang Mewah yang Kena PPN 12 Persen! | Liputan 6

Summary

The transcript discusses key fiscal policies in Indonesia, including the introduction of a 12% VAT on luxury goods and services, set to take effect in 2025. It highlights the exemptions, such as essential food items and public services, which will remain unaffected. The President's address also touches on various economic stimulus measures, totaling 265 trillion IDR, aimed at alleviating economic pressures. These measures include subsidies, tax reductions, and support for the vulnerable, including food aid and discounted electricity rates. The government's focus is on maintaining economic growth, fairness in taxation, and providing relief to the public during challenging times.

Takeaways

• 😀 The Indonesian government has increased the Value-Added Tax (PPN) on luxury goods to 12%, affecting only items such as private jets, yachts, luxury homes, and expensive cars.
• 😀 Most common goods and services will continue to be taxed at 11%, with no increase to the VAT rate.
• 😀 Essential items like rice, corn, vegetables, meat, milk, public transport, and health services remain exempt from PPN, maintaining a 0% rate.
• 😀 Items like luxury houses (valued over 30 billion IDR), private jets, and yachts are now subject to the new 12% PPN, as specified in the 2023 regulation (PMK 15).
• 😀 The 12% PPN is specifically aimed at high-end goods and services, excluding everyday consumer items like shampoo and soap, which remain unaffected by the tax increase.
• 😀 The government is maintaining a broad stimulus package worth 265.6 trillion IDR to support sectors hit by the economic downturn.
• 😀 Direct aid includes food assistance to 16 million households, with each household receiving 10 kg of rice per month in January and February.
• 😀 Electricity bills for low-income households (2,200 VA or lower) will receive a 50% discount for two months, helping to ease financial burdens.
• 😀 Workers who are laid off will have easier access to social security benefits, and SMEs with revenue under 500 million IDR will not be taxed on income.
• 😀 The government will continue subsidies for electric and hybrid vehicles, as well as provide discounts on homes priced under 5 billion IDR, to stimulate the economy.

Q & A

What is the key message shared by the president regarding VAT changes?

The president has announced that the VAT rate for most goods and services will remain at 11%, with an increase to 12% only for luxury goods, such as private jets, yachts, and luxury homes valued over a certain amount. Essential goods, services, and daily consumer products will not see a VAT increase.

Which goods and services are exempt from the VAT increase to 12%?

Goods and services that remain exempt from the VAT increase include essential items like rice, corn, vegetables, fruits, meat, dairy products, public transport tickets, healthcare services, education, and financial services. These continue to either have 0% VAT or are exempt from VAT altogether.

What are some examples of luxury items that will be subject to the new 12% VAT rate?

Examples of luxury items subject to the 12% VAT include private jets, yachts, luxury homes (priced at 30 billion IDR or more), hot air balloons, and firearms (except for state use).

How does the VAT change impact goods and services that have been taxed at 11% previously?

There will be no increase in VAT for most goods and services that were previously taxed at 11%. These will continue to be taxed at the same rate of 11%.

Will any services continue to be exempt from VAT altogether?

Yes, services such as public transportation, certain educational services, healthcare, and financial services will continue to be exempt from VAT, maintaining a 0% VAT rate.

What additional fiscal measures were mentioned to support the economy?

The government will continue to implement stimulus packages, such as subsidies for electricity for low-income families, financial support for workers who have been laid off, and tax exemptions for small businesses (UMKM) with turnovers below a certain threshold. The total stimulus package amounts to 265 trillion IDR.

How will the VAT changes affect the real estate sector?

For the real estate sector, there will be a VAT discount for properties with prices up to 5 billion IDR. The first 2 billion IDR of the property price will have a VAT exemption, and for properties sold after June, the discount will be reduced to 50%.

What is the government's stance on ensuring economic fairness through taxation?

The government emphasizes that tax policies, including the VAT increase, are designed with fairness in mind, ensuring that only luxury goods are affected while essential items remain accessible. The aim is to balance economic pressures and promote equity in taxation.

When will the VAT changes be implemented?

The VAT changes will be enforced starting from January 1, 2025, as per the President’s announcement, but some adjustments and technical regulations will be rolled out sooner.

How will the government's stimulus efforts impact businesses and consumers?

The stimulus packages are intended to alleviate economic pressures, with benefits like tax cuts for businesses, subsidies for low-income consumers, and support for workers affected by job losses. These efforts aim to stimulate the economy and support the purchasing power of the public.