The Indonesian government has extended the tax discount or Sales Tax on Government-Borrowed Luxury Goods (PPnBM DTP) 100% for motorized vehicles until the end of 2021.
The purpose of the extension of this incentive is to encourage car sales so as to create a multiplier effect on the Indonesian economy.
Source Nasional.kontan.co.id
Latest Posts in "Indonesia"
- Indonesia Grants Full VAT Exemption on Domestic Eid Flights to Boost Holiday Travel
- Indonesia to Cover VAT on Domestic Airline Tickets During Eid al-Fitr Holiday Period
- Finance Ministry Probes 40 Steel Firms for Rp5 Trillion Annual VAT Losses
- Finance Ministry to Inspect Steel Giants After Uncovering Widespread VAT Evasion Scheme
- VAT Registration and E-Faktur Compliance in Indonesia: Key Challenges for Foreign Investors
