Minister of Industry, Agus Gumiwang Kartasasmitha call that an extension of the Sales Tax on Luxury Goods is Borne by the Government (sales tax-DTP) year is given to reduce the market shock. Because, after being given an incentive during March-December 2021, now all motor vehicle products which are marketed in Indonesia must use the scheme of levy of sales tax on luxury Goods the post-harmonization (PP 74/2021).
Source kompas.com
Latest Posts in "Indonesia"
- Indonesia’s PMK-50: Crypto-Assets Classified as Digital Financial Assets, VAT Treatment Updated
- Chairman of Commission XI proposes reducing VAT from 11% to 10%
- Lawmaker Proposes VAT Reduction to Boost Economy and Ease Financial Burden on Citizens
- Indonesia Extends Full VAT Incentive on Property Purchases to Boost Economy Until 2025 End
- Indonesia Extends 100% VAT Waiver on Residential Properties for Foreigners Until End of 2025