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Value Added Tax termed 'Goods and Services and Sales Tax on Luxury Goods' Law ("Undang-undang Pajak Pertambahan Nilai atas Barang dan Jasa dan Pajak Penjualan atas Barang Mewah"/UU PPN and PPn BM): Law No. 8/1983, amended I by Law No. 11/1994, amended II by Law No. 18/2000, amended III by Law No. 42/2009, partially amended by Law No. 7/2021;
VAT was introduced on 1 January 1997 and replaced 11 other taxes. [44] The original rate of 15% was increased to 17.5% in 2011. [ 45 ] The rate on restaurant and hotel accommodations is between 10% and 15% while certain foods and goods are zero-rated. [ 46 ]
The Ministry of National Development Planning/National Development Planning Agency (Indonesian: Kementerian Perencanaan Pembangunan Nasional/Badan Perencanaan Pembangunan Nasional) (abbreviated PPN/Bappenas) is a ministry of the Republic of Indonesia that has the task to oversee government affairs in the field of national development planning to assist the President in organizing state ...
Siwaluh Jabu, Batak Karo traditional house, located in Karo Highlands Simalungun Rumah Bolon in Pamatang Purba, Simalungun. The region comprises the northeastern part of the province on the island of Sumatra, and equates to the former State of East Sumatra which existed at the time of independence. It now covers ten regencies and five cities ...
Internal rate of return (IRR) is a method of calculating an investment's rate of return.The term internal refers to the fact that the calculation excludes external factors, such as the risk-free rate, inflation, the cost of capital, or financial risk.