04
Apr
07:10
Indonesia lowers value-added tax for EVs
The Indonesian government has lowered its value-added tax (VAT) for battery-based electric vehicles from 11% to 1%.
This VAT incentive is valid for fiscal year 2023 covering the tax period of April-December 2023, according to a statement issued by Indonesia's Maritime and Investment Affairs.
This incentive is expected to stimulate the rapid transformation of the economy, raise public interest in using EVs and increase related investments on ecosys…
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