SSJK Consulting Tax Update February 2025: Minister of Finance Regulation No. 11 year 2025 (“PMK-11”) regarding the Other Value for VAT Imposition Base
Since 1 January 2025, the VAT Rate has been increased to 12%. The PMK-11 was issued to affiliate the implementation of the “effective” VAT rate at 11% for the goods and service which is not categorized as luxurious, and can also be applicable particularly for the goods/services which have been using Other Value for VAT Base (“DPP Nilai Lain”) and VAT Rate using a Certain Amount (“Besaran Tertentu”).
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