{"id":5594,"date":"2024-12-16T17:21:20","date_gmt":"2024-12-16T10:21:20","guid":{"rendered":"https:\/\/reandabernardi.com\/?p=5594"},"modified":"2024-12-16T17:24:57","modified_gmt":"2024-12-16T10:24:57","slug":"airlangga-hartarto-highlights-economic-resilience-amid-vat-increase","status":"publish","type":"post","link":"https:\/\/reandabernardi.com\/id\/2024\/12\/16\/airlangga-hartarto-highlights-economic-resilience-amid-vat-increase\/","title":{"rendered":"Airlangga Hartarto Highlights Economic Resilience Amid VAT Increase\u00a0"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"5594\" class=\"elementor elementor-5594\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-19567879 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"19567879\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2f215ad0\" data-id=\"2f215ad0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-198c76a1 de_scroll_animation_no elementor-widget elementor-widget-elementskit-heading\" data-id=\"198c76a1\" data-element_type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><h2 class=\"ekit-heading--title elementskit-section-title\">\n\t\t\t\t\tAirlangga Hartarto Highlights Economic Resilience Amid VAT Increase \n\t\t\t\t\t<\/h2><div class=\"ekit_heading_separetor_wraper ekit_heading_elementskit-border-divider elementskit-style-long\"><div class=\"elementskit-border-divider elementskit-style-long\"><\/div><\/div><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e705e95 de_scroll_animation_no elementor-widget elementor-widget-post-date\" data-id=\"6e705e95\" data-element_type=\"widget\" data-widget_type=\"post-date.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"press-elements-date\">Desember 16, 2024<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42906c8 de_scroll_animation_no elementor-widget elementor-widget-image\" data-id=\"42906c8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1080\" height=\"1080\" src=\"https:\/\/reandabernardi.com\/wp-content\/uploads\/2024\/12\/2.png\" class=\"attachment-full size-full\" alt=\"Airlangga Hartarto Highlights Economic Resilience Amid VAT Increase\" srcset=\"https:\/\/reandabernardi.com\/wp-content\/uploads\/2024\/12\/2.png 1080w, https:\/\/reandabernardi.com\/wp-content\/uploads\/2024\/12\/2-300x300.png 300w, https:\/\/reandabernardi.com\/wp-content\/uploads\/2024\/12\/2-1024x1024.png 1024w, https:\/\/reandabernardi.com\/wp-content\/uploads\/2024\/12\/2-150x150.png 150w, https:\/\/reandabernardi.com\/wp-content\/uploads\/2024\/12\/2-768x768.png 768w, https:\/\/reandabernardi.com\/wp-content\/uploads\/2024\/12\/2-12x12.png 12w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ca1289c de_scroll_animation_no elementor-widget elementor-widget-text-editor\" data-id=\"7ca1289c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p style=\"font-weight: 400;\"><strong>Maintaining Economic Balance Through Proper Fiscal Policy<\/strong><\/p><p style=\"font-weight: 400;\">On <strong>Monday, December 16, 2024<\/strong>, <strong>Airlangga Hartarto<\/strong>, Indonesia&#8217;s Coordinating Minister for Economic Affairs, also commented on the VAT rate increase to <strong>12%<\/strong> that will take effect on <strong>January 1, 2025<\/strong>. In his statement, Airlangga emphasized the importance of maintaining <strong>economic resilience<\/strong> in Indonesia by balancing <strong>the government&#8217;s fiscal objectives<\/strong> with the needs of <strong>businesses<\/strong> and <strong>workers<\/strong> across the country.<\/p><p style=\"font-weight: 400;\">While Airlangga acknowledged the necessity of increasing state revenue through this policy, he stressed that the <strong>VAT increase<\/strong> should not burden <strong>business growth<\/strong> or <strong>job creation<\/strong>. On the contrary, he called for measures that could mitigate the negative impact of the VAT increase on <strong>small and medium-sized enterprises (SMEs)<\/strong> and vulnerable sectors.<\/p><p style=\"font-weight: 400;\">The government, according to Airlangga, is committed to providing <strong>economic stimulus<\/strong> to assist businesses in adapting to the VAT increase, enabling them to continue innovating, expanding, and protecting jobs, especially in labor-intensive sectors.<\/p><p style=\"font-weight: 400;\"><strong>Impact of VAT Increase on the Economy<\/strong><\/p><p style=\"font-weight: 400;\">Based on simulations conducted by the Ministry of Finance, this VAT increase is expected to significantly affect several key economic indicators. Below are some of the expected impacts:<\/p><ul style=\"font-weight: 400;\"><li><strong>Household Income<\/strong>: Household income will decrease from <strong>IDR 132.57 trillion<\/strong> (at 8% VAT rate) to <strong>IDR 64.81 trillion<\/strong>, a reduction of <strong>IDR 64.80 trillion<\/strong>. This decline is due to higher prices of goods and services caused by the VAT increase.<\/li><li><strong>Business Surplus<\/strong>: Business surplus is projected to decrease from <strong>IDR 84.23 trillion<\/strong> to <strong>IDR 41.41 trillion<\/strong>, a reduction of <strong>IDR 41.41 trillion<\/strong>. This indicates the impact of rising operational costs that could lead to decreased profitability for many businesses.<\/li><li><strong>Labor Income<\/strong>: Labor income is expected to decrease from <strong>IDR 48.33 trillion<\/strong> to <strong>IDR 23.40 trillion<\/strong>, a reduction of <strong>IDR 23.39 trillion<\/strong>. This may lead to slower wage growth or even job layoffs in some sectors.<\/li><li><strong>Labor Absorption<\/strong>: Labor absorption is predicted to drop by <strong>554,440 people<\/strong> due to increased production costs and reduced demand for goods and services.<\/li><\/ul><p style=\"font-weight: 400;\">Airlangga emphasized that these figures highlight the importance of careful and balanced fiscal reform to minimize the negative impact on businesses and employment.<\/p><p style=\"font-weight: 400;\"><strong>Reanda Bernardi\u2019s Role in Supporting Businesses During This Transition<\/strong><\/p><p style=\"font-weight: 400;\">As the VAT rate increases, businesses need to take strategic steps to maintain their financial health and continue growing. <strong>Reanda Bernardi<\/strong> can help companies manage the risks that arise from this tax change.<\/p><p style=\"font-weight: 400;\">Reanda Bernardi provides <strong>VAT impact analysis<\/strong> and <strong>financial modeling<\/strong> that offer a comprehensive view of how this VAT increase will affect businesses. The firm also offers <strong>consultation services<\/strong> to assist companies in <strong>implementing cost-efficiency measures<\/strong>, <strong>optimizing pricing models<\/strong>, and <strong>enhancing tax compliance<\/strong>. These strategic actions will help businesses adapt to the 12% VAT rate and minimize the negative impact on profitability and labor sustainability.<\/p><p style=\"font-weight: 400;\">By providing <strong>strategic financial advice<\/strong> and <strong>tax planning<\/strong>, Reanda Bernardi helps businesses in Indonesia make the right decisions during this transition, ensuring they remain competitive in light of fiscal policy changes.<\/p><p style=\"font-weight: 400;\"><strong>Full List of Details: Launch Economic Incentive Package, Government Ensures Justice and Public Interests Remain Protected<\/strong><\/p><p style=\"font-weight: 400;\"><br \/>For more information, visit the official publication at: <a href=\"https:\/\/www.ekon.go.id\/publikasi\/detail\/6103\/luncurkan-paket-insentif-di-bidang-ekonomi-pemerintah-pastikan-keadilan-dan-kepentingan-masyarakat-tetap-terlindungi\" target=\"_blank\" rel=\"noopener\">Launch Economic Incentive 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icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t03 Nov 2025\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t<a href=\"https:\/\/reandabernardi.com\/id\/2025\/06\/24\/indonesia-to-launch-the-worlds-9th-largest-floating-lng-facility-in-west-papua\/\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"ekit_post_list_content_wraper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Indonesia to Launch the World\u2019s 9th Largest Float`ing LNG Facility in West Papua<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"meta-lists\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t24 Jun 2025\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Airlangga Hartarto Highlights Economic Resilience Amid VAT Increase December 16, 2024 Maintaining Economic Balance Through Proper Fiscal Policy On Monday, December 16, 2024, Airlangga Hartarto, Indonesia&#8217;s Coordinating Minister for Economic Affairs, also commented on the VAT rate increase to 12% that will take effect on January 1, 2025. In his statement, Airlangga emphasized the importance [&hellip;]<\/p>","protected":false},"author":7,"featured_media":5587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-center"],"acf":[],"_links":{"self":[{"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/posts\/5594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/comments?post=5594"}],"version-history":[{"count":0,"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/posts\/5594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/media\/5587"}],"wp:attachment":[{"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/media?parent=5594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/categories?post=5594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reandabernardi.com\/id\/wp-json\/wp\/v2\/tags?post=5594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}