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Indonesia: Government provided a VAT reduction on the sale of electric cars and buses that meet the minimum local content requirements for the years 2023 and 2024

Description

On 28 March 2023, the Minister of Finance issued Regulation No.38/2023, requiring a minimum of 20% or 40% of the local content for the sale of electric cars and buses to receive VAT reduction for the ...

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Intervention Details

Intervention Type

Local content incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

01 Apr 2023

Revocation date

31 Dec 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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