Government Measures to Mitigate Covid-19 Risk
The Government Rolled Out A Tax Incentive to Boost Vehicle
Sales and Public Consumption
This incentive aims to stimulate people's purchasing power, especially in the middle class, immediately so that it has a positive impact
on the national economy.
TAX
Stimulus is in the form of an incentive, reducing the luxury goods sales tax
(PPnBM) for cars.
The relaxation is valid for cars running on engines 1500 cc and below, including
sedans, 4x2 s, and cars built using up to 70 percent of locally made components
Period of Stages
The Government will subsidize the discounted amount. The PPnBM rebate is to be applied gradually,
starting on March 1, 2021
,
1. In the first stage, which is from March to May, the tax discount is 100 percent of the normal rate
2. The second stage, form June to August, the rebate is 50 percent
3. Lastly, from September to December, the tax cut is 25 percent.
Source: Coordinating Ministry for Economic Affairs
20
20View entire presentation