Indonesia extends tax discount for motorised vehicles till December

From January to July 2021, retail car sales grew by 38.5 per cent compared to the same period last year, showing a positive trend as a result of the policy on tax discounts. - AFP

JAKARTA (Xinhua): The Indonesian government has extended the tax discount or the sales tax on government-borne luxury goods, locally known as PPnBM, by 100 per cent for motorised vehicles as an effort to spur consumption of the middle class amid the pandemic.

The tax discount for motor vehicles, which was formerly given from March to August 2021, was extended to December 2021, Head of the Fiscal Policy Agency of the Ministry of Finance, Febrio Kacaribu, said in a statement on Friday (Sept 17).