- Finance Minister Sri Mulyani Indrawati has issued a regulation providing VAT discounts for electric cars and buses in 2024
- Government will bear 10 percent of the specified vehicles’ VAT, reducing buyer’s payments to just 1 percent of the selling price
- VAT cut will be provided for the tax period from January to December
- Electric cars and buses must meet certain conditions to qualify for the discount, such as minimum local content level requirement
Source: thejakartapost.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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