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"
- VAT at 1.1% on Foreclosed Collateral Sold by Creditors (PMK‑41/2023)
- Indonesia PMK 50 2025: Crypto Asset VAT and Tax Changes
- Indonesia Appoints AI Firms as VAT Collectors Amid Digital Tax Expansion
- Indonesia to Make Marketplaces Collect VAT on Online Sales
- Indonesia Offers VAT Relief on Domestic Economy Air Tickets During School Holidays
