Announcement
28 Mar 2023
In March 2023, the government of Indonesia provided a VAT reduction on the sale of electric cars and buses that meet the minimum local content requirements for the years 2023 and 2024.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Apr 2023
Revocation date:
31 Dec 2024
Updated: 28 Mar 2023
Tax or social insurance relief
On 28 March 2023, the Minister of Finance issued Regulation No.38/2023, granting a selective tax cut for electric vehicles with certain local content by providing a VAT reduction. The VAT was reduced ...
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Updated: 28 Mar 2023
Local content incentive
On 28 March 2023, the Minister of Finance issued Regulation No.38/2023, requiring a minimum of 20% or 40% of the local content for the sale of electric cars and buses to receive VAT reduction for the ...
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