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Indonesia extends luxury sales tax incentive for automotive products

januari 17, 2022by Reacties uitgeschakeld voor Indonesia extends luxury sales tax incentive for automotive products

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JAKARTA, Jan. 17 (Xinhua) — Indonesian President Joko Widodo has approved the extension of the luxury sales tax (locally known as PPnBM) incentive for automotive products, Coordinating Minister for Economic Affairs Airlangga Hartarto said.

Cars with a selling price below 200 million rupiahs (about 13,958 U.S. dollars) or LCGC (Low Cost Green Car) are subject to PPnBM of 3 percent, and the government will cover

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