- Indonesia will extend VAT deduction for electric cars with at least 40% local components
- VAT deduction will be reduced to 1% from 11% through 2024
- Finance Ministry rule outlines the extension of VAT deduction for electric cars
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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