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Indonesia’s luxury tax incentive on vehicles with capacity of 1,500 cc drops to 25% from September 1
Reported on September 3, 2021, Indonesia government’s incentive on Sales Tax on Luxury Goods (PPnBM) for new cars with a capacity of 1,500 cc has decreased to 25% starting September 1 to December 31, 2021. This provision is contained in Minister of Finance Regulation Number 77 of 2021, stating that the period of 0% P....
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