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Investor Presentaiton

2. VALUE ADDED TAX 1. Non-VAT-Taxable and VAT Facilities. a. VAT facilities are provided for basic goods, health services, education services, social services, and several other types of services. Low-middle income people are still not pay VAT on consumption of basic needs, education services, health services, and social services. b. Reductions of the non-VAT-taxable and VAT facilities are implemented to promote fairness and improve facilities' accuracy in while supporting the interests of society and business sector. C. This arrangement is intended to expand the VAT base while considering fairness and usefulness, especially in supporting the general welfare and national interests. The purpose of this policy is to optimize state revenues while still realizing a fair tax system with legal certainty. 2. VAT Rate and VAT Ease & Simplicity a. General Rate VAT Law HPP Law Rate Effective Rate Effective 10% Until March 2022 11% 12% From 1 April 2022 No later than 1 January 2025 b. Specific Rate For convenience in collecting VAT, a 'final' VAT rate is applied to certain types of goods/services or certain business sectors, for example 1%, 2% or 3% of business gross turnover, which is regulated by Minister of Finance Regulation (PMK). 68
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