VALUE Added Tax (VAT) registrants owed more than $250,000 can now apply for the payment of outstanding VAT refunds through VAT bonds, the Ministry of Finance announced.

Platform operators will not collect VAT if the service provider provides a valid VAT ID and declares their intention to handle VAT themselves. The ViDA proposal also clarifies that short-term ...

The VAT rate will be increased to 12% only for goods and services that are already subject to existing luxury tax, such as private jets, yachts and pricier houses, President Prabowo Subianto said ...