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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;
Indonesia, which had massive foreign reserves and was seen as having a strong economy, responded on 11 July 1997, by widening its exchange rate band from 8 to 12%. Indonesia had taken similar actions in the years leading up to the crisis, in December 1995 from 2 to 3%, in response to the Mexican financial crisis, and in June and September 1996 ...
India also has further economic ties with Indonesia through its free trade agreement with ASEAN, of which Indonesia is a member. [144] The two countries target to achieve bilateral trade of $25 billion by 2015, with cumulative Indian investments of $20 billion in Indonesia.
As of 2 June 2014, VAT has been implemented in all the states and union territories of India except Pondicherry, Andaman and Nicobar Islands and Lakshadweep Island. VAT was replaced by Goods and Services Tax, all over India from 1 July 2017.
This is an accepted version of this page This is the latest accepted revision, reviewed on 3 March 2025. Islam in Indonesia Istiqlal Mosque, the national mosque and the largest mosque in Southeast Asia. Total population 244,410,757 (2023) 87,06% of the population [a] Languages Liturgical Quranic Arabic Common Indonesian (official), various regional languages Mass Eid al-Fitr prayer at the ...