12% VAT Has Been Signed, What Impact Will It Have on Society? - METRO TV - World Latest Movie, Series, Videos and Trailers | fetery.com

12% VAT Has Been Signed, What Impact Will It Have on Society?

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Published on Dec 26, 2024

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MetroTV, As the increase in the Value Added Tax (VAT) rate of 12 percent is only a matter of days away from being implemented, the wave of rejection is getting bigger. Members of the DPR are also not of one mind regarding the 12 percent increase. The public voiced their rejection by taking to the streets, through social media and raising petitions. They believe that the 12 percent VAT will make it even more difficult for the public in the midst of difficult economic conditions. The public will face a higher cost of living, which has the potential to reduce purchasing power. For business actors, especially the MSME sector, the increase in VAT could increase operational burdens. On the government side, this policy is important to increase state revenue. Coordinating Minister for the Economy, Airlangga Hartarto said that the 12 percent VAT increase is to support the free nutritious meal program. In order to reduce the burden on the public and maintain purchasing power, the government provides incentives, such as tax reductions or exemptions for certain sectors, direct subsidies, or social assistance. These incentives aim to ease the impact of the VAT increase and maintain economic stability, especially for vulnerable groups in society. Will the 12 percent VAT remain in effect on January 1, 2025? Will the government's steps to reduce the impact of the VAT increase be successful? #valueaddedtax #ppn12% #taxrates #umkm #airlanggahartarto #economy #society #communitypurchasingpower #government ----------------------------------------------------------------------- Also follow our social media to get the latest information updates! Website: https://www.metrotvnews.com/ Facebook: / metrotv Instagram: / metrotv Twitter: / metro_tv TikTok: / metro_tv Metro Xtend: https://xtend.metrotvnews.com/

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