Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production,
Source: reuters.com
Latest Posts in "Indonesia"
- Indonesia Extends Full VAT Relief on Housing Purchases Through 2026 to Boost Economy
- Indonesia, EU Finalize Free Trade Agreement to Counter US Tariffs
- Indonesia Extends VAT Incentives for Real Estate and Construction Sectors
- EU and Indonesia conclude negotiations on free trade agreement
- Indonesia Extends VAT Exemption for Home Purchases Until 2026