Foreign investors in Indonesia must register for VAT once their annual turnover exceeds IDR 4.8 billion (US$300,000). After registration, all VAT invoices must be issued and validated through the e‑Faktur system, with monthly reporting and reconciliation required. Non‑compliant invoices and inconsistencies between invoices, returns, and accounting records can trigger audits and penalties.
VAT registration becomes mandatory when a company’s annual turnover exceeds IDR 4.8 billion (US$300,000).
Foreign investors must use the e‑Faktur system; invoices must be generated and validated through it.
Companies must report VAT monthly, reconciling issued invoices, VAT figures, and accounting records.
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Indonesia Business Post · about 1 month ago
Indonesia's Finance Minister Purbaya Yudhi Sadewa announced plans to inspect a Chinese‑owned steel company suspected of VAT evasion next week. The Ministry has identified 40 steel firms, with the two largest slated for inspection, and estimates that VAT avoidance could cost the state over Rp 4 trillion annually. The investigation will involve tracing tax reports, company registrations, ownership, and detaining tax‑related personnel.
VatCalc · 1 day ago
From 23 August 2026, non‑resident providers of digital services to Azerbaijani consumers must register with the tax administration and charge 18% VAT, replacing the previous withholding‑tax regime. The VAT registration threshold is AZN 17,000 per annum, and the current VAT rate of 18% applies to all domestically supplied digital services. Implementation guidance and FAQs are expected before the August deadline.
PV Tech · 2 days ago
China has removed the 9% export VAT rebate on PV modules, marking a shift from price‑led subsidies to value‑based competition. The change is expected to raise costs for manufacturers and influence module pricing across markets. The policy reflects industry maturity and a focus on quality, efficiency, and long‑term bankability.
Vietnam Briefing · 3 days ago
Vietnam’s 2025 VAT Law expands refund eligibility to investment projects, exporters, and 5%‑rate businesses with at least VND 300 million in accumulated input VAT, while tightening documentation and audit requirements. Key changes include removal of refunds for ownership or structural changes, stricter rules for deferred payments, and new limits on import‑export refund eligibility.
VatCalc · 4 days ago
Japan is considering a temporary withdrawal of the 8% reduced consumption tax on food for up to two years, with the bill slated for the Autumn 2026 Diet session. The move would cut annual tax revenue by about ¥5 trillion, while the current standard rate remains 10% with an 8% reduced rate for food. The ruling LDP has resisted the cut, citing the tax's importance for funding social security.
The Hindu · 5 days ago
India’s GST rationalisation introduced a two‑tiered rate structure of 5% and 18% in September 2025, boosting domestic consumption. However, February 2026 saw a sharp rise in import IGST collections—up 17% YoY—driven by a weaker rupee and higher import costs, which may erode the price relief from the new rates.
