Indonesia's Last-Minute Decision: Planned VAT Hike Diluted Amid Economic Concerns

In a surprising turnaround, Indonesian authorities unveiled a significant modification to their proposed value-added tax (VAT) increase, which was initially set to come into effect on January 1, 2024. This change comes at a critical juncture, as the government grapples with economic pressures and public backlash regarding the potential economic burden on citizens.

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