[BREAKING NEWS] Resmi 1 Januari PPN Naik 12%, Berikut Daftar Barangnya | tvOne

Summary

The Indonesian government is set to announce a range of economic policies, including an increase in the VAT on luxury goods from 11% to 12%, starting in January 2025. However, basic necessities like food and essential services will be exempt from VAT. Additional measures include tax incentives for low-income households, discounts on electricity for certain households, and subsidies for industries like manufacturing and electric vehicles. The government is also extending tax breaks for small businesses and offering subsidies for machinery investments in labor-intensive industries. This plan aims to boost economic growth and maintain the purchasing power of the people.

Takeaways

• 😀 The Indonesian government plans to increase the VAT on luxury goods from 11% to 12%, effective January 2025.
• 😀 Basic necessities such as rice, meat, fish, eggs, vegetables, milk, and sugar will be exempt from the new VAT increase.
• 😀 There will be a package of economic stimulus measures, including tax incentives and policies to help low-income households.
• 😀 The government is introducing VAT exemptions on essential services like education, healthcare, public transportation, financial services, insurance, and sanitation.
• 😀 VAT will remain at 11% for certain food products like cooking oil and industrial sugar, with 1% of it subsidized by the government.
• 😀 The government will provide food aid (e.g., 10 kg of rice per month) for the lowest income households (desil 1 and 2).
• 😀 A 50% electricity discount will be provided for households with an electricity capacity of 2,200 VA or lower for the next two months.
• 😀 For the middle class, the government will continue tax breaks for properties valued up to 5 billion IDR and maintain the subsidy for electric vehicles (EVs).
• 😀 The government will provide a 3% VAT reduction for hybrid vehicles as part of an initiative to support the automotive sector.
• 😀 Incentives will also be available for labor-intensive industries, including subsidies for income tax (PPh) for employees earning between 4.8 million IDR and 10 million IDR.
• 😀 The government will extend the 0.5% final tax rate for micro, small, and medium enterprises (MSMEs) until 2025, ensuring continued financial support for the sector.
• 😀 There will be subsidies for credit investments aimed at revitalizing machinery in labor-intensive industries like textiles and footwear under the Credit for Small Business program.

Q & A

What is the primary change in VAT announced by the government?

The government will raise the VAT (PPN) rate from 11% to 12% for luxury goods starting January 2025.

Which goods and services will be exempt from the VAT increase?

Basic necessities such as rice, meat, fish, eggs, vegetables, milk, sugar, and essential services like healthcare, education, public transportation, and financial services will remain exempt from the VAT increase.

What support will be provided to low-income households in response to the VAT increase?

Low-income households will receive support through VAT exemptions for essential products like cooking oil, sugar, and flour, along with food aid and a 50% discount on electricity bills for households with an electrical capacity of 2,200 VA or less.

How will the VAT increase affect luxury goods?

Luxury goods will see an increase in VAT from 11% to 12%, but the government is offering tax incentives for certain items, including electric vehicles (EVs) and hybrid vehicles, to ease the impact.

What is the government's strategy for keeping consumer demand strong despite the VAT increase?

The government plans to maintain consumer demand through economic stimulus packages, including tax incentives for low-income households, subsidies for essential goods, and tax breaks for certain industries.

How will middle-class households be affected by the VAT increase?

Middle-class households will benefit from continued support for electric vehicles and property tax exemptions on properties valued up to 5 billion IDR, with 2 billion IDR of the property value covered by the government for tax purposes.

What assistance is being provided for labor-intensive industries?

Labor-intensive industries will receive tax incentives, such as subsidies for employees' income taxes (PPH 21) for workers earning between 4.8 million IDR to 10 million IDR, and further support through subsidies for credit investments aimed at revitalizing machinery in these sectors.

What is the government's plan to support small and medium-sized enterprises (SMEs)?

SMEs will benefit from an extended final tax rate of 0.5%, which was initially set to end in 2024 but will now continue until 2025. Additionally, SMEs will have access to subsidies for credit investments.

What is the role of food aid and electricity subsidies in this economic package?

Food aid will be provided to low-income households, specifically for the first and second income deciles, with a distribution of 10 kg of rice per month. Additionally, a 50% electricity bill discount will be provided to households with lower electricity usage to help alleviate financial pressures.

How is the government addressing inflation in the current economic climate?

The government is addressing inflation by maintaining the growth of consumer spending and keeping inflation under control, which is reported at 1.55% in November. The aim is to sustain a stable economy through the proposed fiscal measures, especially in essential sectors.