To expedite the economic recovery process during the COVID-19 pandemic, the Indonesian Minister of Finance (MoF) provided a tax incentive for the automotive industry under which the luxury-goods sales tax (LST) payable on sales of certain types of vehicle is borne by the government (as opposed to the purchaser), through the issuance of Regulation Number 31/PMK.010/2021 (PMK-31).
Source: Deloitte
