Keyword: "value-added tax"

The prolonged reduction will be in effect from October 1, 2025 through September 30, 2026.

New regulations on taxes and fees for e-commerce platforms have officially taken effect from July, requiring sellers to quickly adapt by implementing three key measures to safeguard profits and maintain competitiveness.

From July 1, several previously VAT-exempt brokerage services are subject to a 10% VAT rate, prompting firms to revise their service charges accordingly.

Under Resolution No. 204/2025/QH15 of the National Assembly, the 2% reduction in VAT is scheduled to take effect from July 1 and remain valid until December 31, 2026.

The implementation results of socio-economic development plans in 2024 and the first months of 2025 are among issues under discussion on June 17.

The proposal suggests extending the 2% VAT reduction from July 1, 2025, until the end of 2026 for goods and services currently taxed at 10%, lowering them to 8%.

The planned increase in Indonesia’s value-added tax (VAT) rate from 11% to 12% could reduce the country's gross domestic product (GDP) by 21 trillion IDR (1.3 billion USD), economists warned.

Thailand has considered a proposal to increase value-added tax (VAT), while reducing corporate and personal income tax rates to strengthen state revenue, drive national development, enhance competitiveness and address domestic disparities, according to Finance Minister Pichai Chunhavajira.

Indonesia is planning to roll out incentives for cars with hybrid engines, said Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto.

The view that it is necessary to tax gold purchases so that people 'love' gold less, according to experts, needs to be done in a calculated way, not to tax arbitrarily, to avoid a tax on tax.

Some legislators on May 25 proposed the 2% reduction in value-added tax (VAT) under a resolution of the National Assembly (NA) be extended to continue supporting the country's socio-economic recovery and development.

Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.

Lawmakers discussed the reduction of value-added tax (VAT) during the 15th National Assembly (NA)’s ongoing sixth session in Hanoi on November 20.

The Indonesian Government is planning to extend fiscal incentives for electric vehicles (EVs), especially electric motorcycles, to the next year with support levels equivalent to this year, said Deputy Coordinating Minister of Maritime Affairs and Investment Rachmat Kaimuddin.

The Jakarta Regional Revenue Agency (Bapenda) of Indonesia has planned to introduce a new policy on regional taxes and levies, which will impose a 10% value-added tax rate on online food services.

The Lao Ministry of Finance is considering raising the value-added tax (VAT) rate to 10% from 7% in an effort to boost government revenue and support the national economy, local media reported.

Price control work was effective in the first nine months of this year, with the average consumer price index (CPI) in the period up 3.16% year on year, leaving plenty of room to maintain stability in prices, said Deputy Prime Minister Le Minh Khai.

Wood pellets and wood chips are a bright spot in the shipment of forestry products, said head of the Wood Chip Section under the Vietnam Timber and Forest Product Association (Viforest) Thang Van Thong.

The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy.

The head of Indonesian Finance Ministry's fiscal policy agency, Febrio Kacaribu, has announced that the value-added tax incentive provided by the government for the purchase of electric cars and buses will be valid from April to December 2023.