1 month ago
32
December 23, 2024 | 04:44 pm
TEMPO.CO, Jakarta - Coordinating Minister for Food Zulkifli Hasan or Zulhas has clarified that only imported specialty rice will be subject to the 12% Value Added Tax (VAT) increase, while domestically produced medium and premium rice will be exempt.
“Premium rice, medium rice are not subject to [12 percent VAT], special rice such as rice [imported from] Japan, and others are subject to it,” Zulhas said during a press conference at Graha Mandiri in Central Jakarta on Monday, December 23, 2024.
He specifically mentioned shirataki rice as an example of imported specialty rice that will be subject to the higher VAT rate.
He acknowledged a misconception regarding the types of rice affected by the VAT rate adjustment. He emphasized the need to dispel misinformation regarding the VAT increase on rice.
“Don't spread confusing information. Medium and premium rice are not subject to 12 percent VAT,” he urged in a post on his personal Instagram account @zul.hasan today morning.
This clarification follows previous statements by Arief Prasetyo Adi, Head of the National Food Agency (Bapanas), who indicated that specialty rice might be subject to the 12% VAT rate.
“No, special rice is different [from medium and premium rice which are free from VAT]. We'll talk about that later,” Arief told reporters in Tangerang, Banten, on Sunday, December 22, 2024.
Bapanas manages the supply of essential food commodities, including medium and premium rice, ruminant meat, soybeans, shallots, garlic, and chilies, which are all exempt from the VAT increase. However, Bapanas does not manage specialty rice, leaving its VAT status subject to further discussion.
“For example, regarding meat, regular ruminant meat is okay (VAT-free). But when it comes to Wagyu, Kobe, and others, we have to discuss it,” Arief explained.
Han Revanda Putra contributed to the writing of this article.
Editor’s Choice: Economist Predicts 4.1% Inflation Surge Following VAT Increase
Click here to get the latest news updates from Tempo on Google News
Economist Predicts 4.1% Inflation Surge Following VAT Increase
5 jam lalu
A Celios economist Bhima Yudhistira has disputed the government's assessment of the impact of the upcoming VAT increase from 11% to 12%.
PDIP Criticizes 12 Percent VAT, Gerindra: Should Declare Themselves as Opposition
7 jam lalu
Gerindra party says that PDIP does not need to play drama by pretending to defend people over the increase in value-added tax (VAT) to 12 percent.
PDIP Denies Being Initiator of 12 Percent VAT: 'Jokowi Govt Proposed It'
18 jam lalu
The PDIP party denied allegations that the party faction proposed an increase in value-added tax (VAT) to 12 percent.
Director General of Taxes Says 12 Percent VAT Imposed on Some Goods and Services
20 jam lalu
The Indonesian govt has finally acknowledged that the increase in Value Added Tax (VAT) next year will not be selectively applied only to luxury goods
Special Rice to Be Subject to 12 Percent VAT
22 jam lalu
Special rice is likely to be subject to Value-Added Tax (VAT) of 12 percent starting next year in Indonesia.
QRIS Not Subject to 12 Percent VAT, Says Coordinating Minister
1 hari lalu
Coordinating Minister for Economic Affairs Airlangga Hartarto said that electronic money transactions through QRIS will not be subject to VAT
Baznas Chair Says 12 Percent VAT Increase Will Not Affect Zakat Receipts
1 hari lalu
The National Zakat Agency of the Republic of Indonesia (Baznas RI) is optimistic that the increase in 12 percent VAT will not affect zakat receipts.
Today's Top 3 News: Celebrate Christmas in Singapore: Festive Events and Attractions
1 hari lalu
Here is the list of the top 3 news on Tempo English today.
Lowest and Highest VAT Rates in the World: Where Does Indonesia Fall?
2 hari lalu
With the rise of Indonesia's VAT rate to 12%, the public began to ask which country has the highest VAT rate in the world. See the full list here.
K-Pop Fans Join VAT Hike Protests, Fear of Rising Concert Prices
3 hari lalu
Young people across various groups including K-pop fans expressed their opposition to the 12% VAT rate through protests and online petitions.
