Celios: 12% PPN Could Reduce Indonesia's Economic Growth to 4%

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Adi Ahdiat 29/11/2024 17:20 WIB
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According to Celios research, increasing the VAT rate from 11% to 12% could curb Indonesia's economic growth rate, from an initial projection of 5% to 4%.

Indonesia's Economic Growth Projection for 2025: IMF Version and Scenario with a 12% VAT Rate (November 2024)
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Celios: 12% PPN Could Reduce Indonesia's Economic Growth to 4%

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