Announcement
26 Feb 2021
In February 2021, Indonesia granted a VAT exemption on luxury cars subject to the condition that 70% of the car's components were manufactured domestically. The measure was imposed to support the local automobile industry affected by the COVID-19 pandemic.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
26 Feb 2021
Revocation date:
01 Apr 2021
Announced: 26 Feb 2021
Tax or social insurance relief
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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Announced: 26 Feb 2021
Local content requirement
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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