JAKARTA - General Chairman of the Indonesian Retail Entrepreneurs Association (Aprindo) Roy Nicholas Mandey criticized the plan to increase VAT by 1% which will be implemented by the government starting January 1 2025. Even though this planned increase has received the green light from the DPR RI, according to him there are many factors that could be taken into consideration. Among others; the geopolitical situation is not yet stable. This could have an impact domestically. Climate change; there is El Niño and then there is also La Niña, this also has an influence. In an atmosphere like this, if VAT increases, it will have a big impact.
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