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Indonesia reduces VAT on EV from 11% to 1%, effective from April to end of 2024

Reported on April 3, 2024, the Indonesian Coordinating Ministry of Maritime and Investment Affairs revealed that the value-add tax (VAT) on battery-based electric vehicle sales has been reduced from 11% to 1%, effective in April until the end of 2024.
Stated in the Finance Ministerial Regulation No. 8/2024, this is s....

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