Minister of Finance Sri Mulyani Indrawati said that basic necessities and services would still be free from the 12 percent VAT increase in 2025 so that the value of goods and services that were not collected reached IDR 265.6 trillion.
Sri Mulyani emphasized that the implementation of VAT tariffs is currently 11 percent, the government continues to provide protection to the community by ensuring that a number of basic necessities and services remain free from VAT.
"Many goods and services include basic necessities such as fresh milk egg meat rice consumption of health services for public transportation services for insurance services financial services, sales of simple home vaccination books and flats for using drinking water electricity are not collected by VAT. So the VAT is 0 percent," explained Sri Mulyani at the KITA State Budget press conference, Wednesday, December 11.
Regarding the estimated state revenue from VAT exemption, Sri Mulyani said that this year the VAT exemption from the 11 percent rate of goods and services is estimated at around Rp231 trillion.
In the future, even though VAT will increase to 12 percent, Sri Mulyani ensures that the VAT exemption policy for basic goods will still be maintained. So that the value of goods and services that are not collected by VAT is estimated at IDR 265.6 trillion.
"So if we estimate that next year the VAT exemption will reach Rp265.6 trillion," he said.
SEE ALSO:
Furthermore, Sri Mulyani emphasized that the government is also considering and calculating the 12 percent VAT policy which will only be applied to luxury goods.
"We will consistently apply the principle of justice because this concerns the implementation of the law on the one hand but also on the one hand the principle of justice as well as the aspirations of the community but also the state of the economy and health of the state budget we must prepare carefully and carefully," said Sri Mulyani.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
