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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;
[10] [11] [12] Using invoices, each seller pays VAT on their sales and passes the buyer an invoice that indicates the amount of tax paid excluding deductions (input tax). Buyers who themselves add value and resell the product pay VAT on their own sales (output tax).
In July 1974, Labour Chancellor Denis Healey reduced the standard rate of VAT from 10% to 8% but introduced a new higher rate of 12.5% for petrol and some luxury goods. [4] [7] [9] In November 1974, Healey doubled the higher rate of VAT to 25%. [7] Healey reduced the higher rate to 12.5% in April 1976. [7] [9] [10]
[12] On 10 October 2021, Gerindra announced Prabowo as their candidate in the 2024 Indonesian presidential election. [13] On 12 August 2022, Prabowo announced that he accepted Gerindra's nomination. [14] Prabowo declared victory in the election on 14 February, as early unofficial polling showed him with a lead in the first round of voting. [15]
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 ...