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Indonesia: Reduced VAT on luxury goods for the importation of luxury cars

Description

On 13 October 2021, Indonesia issued the Ministry of Finance Regulation No.141/PMK.010/2021 reducing VAT on luxury goods (PPNBM) from 125% (see related Act) to between 20% - 95% depending on the type ...

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

16 Oct 2021

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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