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Indonesia: VAT exemption on luxury cars linked to local sourcing requirements

Description

On 26 February 2021, Indonesia issued the Minister of Finance Regulation No. 20/PMK.010/2021 provided a tax exemption on luxury cars linked to the degree of local sourcing. Concretely, the new regulat...

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Intervention Details

Intervention Type

Local content requirement

MAST Chapter

I: Trade-related investment measures

Implementation date

26 Feb 2021

Revocation date

01 Apr 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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