Announcement
13 Oct 2021
In October 2021, Indonesia reduced VAT on luxury goods for the importation of luxury cars.
Source
Number of interventions
1
0 certainly harmful
0 likely harmful
1 liberalising
Implementation date
16 Oct 2021
Revocation date:
No revocation date
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 ty...
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