VAT news tagged as "Luxury tax"

Indonesia

Indonesia drops Luxury Goods Sales Tax

June 13th, 2015

Indonesia is to withdraw its high rate luxury tax in a bid to stimulate consumption and spending. The tax is levied at between 10% and 125% depending on the nature of the goods. Indonesia’s growth has fallen in the past year, and consumption has been the biggest loser. Goods subject to the tax include: phones; …