Indonesia expands tax breaks for sales of bigger cars

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Indonesia has expanded its tax breaks on car sales to include more types of vehicles, the country's finance ministry said, in a bid to accelerate economic recovery and aid its manufacturing industry.

JAKARTA - Indonesia has expanded its tax breaks on car sales to include more types of vehicles, the country’s finance ministry said, in a bid to accelerate economic recovery and aid its manufacturing industry.

It said the so-called upper middle class had so far held back from big purchases during the pandemic and preferred to increase their savings. The tax incentive for the new range of vehicles will be in the form of 12.5% to 50% discount for luxury tax payments, taking effect from April until the end of the year.

 

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