Value-added tax (VAT) in Indonesia is imposed on the provision of services or the transfer of taxable goods. Businesses are required to register for VAT once they reach an annual revenue of 4.8 billion rupiah (US$321,677). However, companies earning lower annual revenue can register voluntarily.
Trade experts from the Organization for Economic Co-operation and Development (OECD) have urged Asia-Pacific Economic Cooperation (APEC) member economies to resolve barriers to services trade or stand to lose out both economically and socially.
British International Investment (BII), the UK’s development finance institution and impact investor, announced a US$15 million commitment to the SUSI Asia Energy Transition Fund (SAETF) to support green energy transition in Southeast Asia, including Viet Nam.
The COVID-19 pandemic posed a tremendous economic challenge, especially for emerging economies such as Indonesia. But it also marked a watershed moment for the country’s economic reform efforts. The crisis enabled Indonesia to reduce its reliance on volatile foreign capital inflows and rethink its growth pathway.
Currently, the Regional Comprehensive Economic Partnership (RCEP) is the world’s largest free trade agreement (FTA) outside of the World Trade Organization (WTO).
Malaysian durian expert Lim Chin Khee visits China every two months to help farmers grow the pungent tropical fruit.
The government on Friday approved the draft law on rules of origin, aiming to help promote and facilitate trade that benefits from trade preferences and non-systemic practices. It will also help prevent counterfeiting.
The much-anticipated new direct route between Jakarta, Indonesia and Kuching will greatly benefit both the business community and leisure travellers alike, said Senator Jaziri Alkaf Abdillah Suffian.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
