Parekraf Industry Should Not Worry about the 12 Percent VAT Increase Plan

Berita Terkini - Posted on 28 March 2024 Reading time 5 minutes

DIGIVESTASI - Sandiaga Salahuddin Uno, Minister of Tourism and Creative Industries (Memparekurah), said that the government always conducts an impact study before taking certain actions.

 

Regarding the plan to increase value added tax (VAT) by 12%, Sandiaga assessed that this would not cause concern. One of them is that the tourism business and creative industry will not be affected.

 

As quoted by Antara: "(The VAT rate increase) we will do it gradually and God willing, this policy will not cause too much disruption," Sandy said on Wednesday (March 27).

 

Sandiaga explained that before taking a policy, the government will make sure to consider all the impacts of the policy in order to take more targeted and effective actions. In this case, the impact of the VAT increase on the tourism sector and the creative industry.

 

Previously, PHRI (Indonesian Hotel and Restaurant Association) issued a statement estimating that the VAT rate increase to 12% would not cause major concerns because there has been a gradual process of gradual increase since the decision in 2022.

 

In response, Sandiaga assured that the government will listen to all opinions from various parties. This also applies if there are applications for incentives that need to be submitted to the Ministry of Finance.

 

He continued: "The pattern of the stimulus package may be related to the financial and non-financial incentives available to encourage the operation of pallet crafts." Sandiaga also hopes that future taxation policies will further strengthen taxation conditions and stimulate the national economy. In this way, people can improve their welfare.

 

Minister Sandiaga emphasized, "the business world does not need to worry because we have carefully calculated the value added tax in the creative sector. Hopefully it can be successful."
 


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Source: pasardana.id

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