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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;
Moreover, Indonesia is predicted to enjoy demographic bonus between 2030 and 2040, [10] that will boost Indonesian development towards vision 2045 as a developed nation. [11] By that time, the number of workforce or the population of productive age (aged 15–64 years old) is greater than the population of non productive age (aged at under 15 ...
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 ]
Prabowo Subianto and former Indonesian President Joko Widodo on 11 October 2019 On 10 August 2018, Prabowo Subianto registered at the KPU office for the 2019 presidential election with Sandiaga Uno as his running mate and with the support of Gerindra, PKS, PAN, the Democratic Party and Berkarya Party . [ 9 ]