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

Description

On 26 February 2021, following the Minister of Finance Regulation No. 20/PMK.010/2021, Indonesia exempted private cars from the PPNBM, a VAT imposed on luxury goods. The VAT exemption was for a car wi...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

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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