Definition of Vat History Rates and Types of Taxable Goods

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Moumitaakter
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Joined: Tue Jan 10, 2023 7:20 am

Definition of Vat History Rates and Types of Taxable Goods

Post by Moumitaakter » Tue Jan 10, 2023 8:10 am

The government's plan to increase VAT a few months ago had become a hot topic of discussion among the public. Both on social media, national media, and direct talks, all of them are busy. Moreover, the plan to increase VAT, which was initially 10% to 12%, was announced at a time when many Indonesian people are experiencing economic difficulties due to the Covid19 pandemic. What exactly is VAT? Why can the increase make people excited? Hello , we meet again to discuss VAT. Come on, let's start! The increase plan is known based on the revised draft.

The law discusses General Provisions and Tax Procedures. The plan, the plan will be discussed together with the House of Representatives (DPR) RI. VAT stands for Value Added Tax. This tax is one source of state revenue for public consumption. The definition of VAT is a levy charged on Russia Phone Number List buying and selling transactions that occur due to added value. This levy is borne by entrepreneurs who have become Taxable Entrepreneurs. So Grameds, in simple language, when you make a sale and purchase transaction of goods or services as an end consumer, you will be charged a few rupiah for the transaction.

Because the goods or services that Grameds buys are considered to have added value in their circulation from the seller to the consumer. Those who pay VAT are the end consumers. Meanwhile, those who collect, deposit and report VAT to the state are sellers/traders. VAT that is collected by the seller instead of going into his personal pocket, but will be deposited to the state. And entrepreneurs who deposit VAT are entrepreneurs who are already included in the PKP category. Judging from the process, VAT is an indirect tax. marketing strategies, to human resources.

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