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Search result with “Luxury Tax Incentives” as a keyword founded 23 news.
Scrapping EV Incentives May Be Premature, Analysts Warn
... million). By contrast, incentives for battery-based electric ... 15% reduction in luxury goods sales tax, while locally assembled ... around 15%. Overall, total tax incentives reached about 80% for ... remaining incentives are limited to vehicle ownership tax and ...Business Jan 25, 2026 | 11:54 pm
Nine Global EV Brands Commit to Local Production in Indonesia, Government Says
... higher import duties, as incentives for fully built-up ... it would not extend incentives for battery electric vehicles ... incentives through December 2025, including import-duty exemptions and relief on luxury ... goods tax and value-added tax, on the ...Business Dec 19, 2025 | 10:56 am
Top REI Veterans Voice Support for 8% Growth Goal, Urge Reforms in Housing Sector
... BPHTB (land and building acquisition tax) and PBG (building approval fees ... families, we’re also advocating incentives for middle-income buyers -- homes ... build affordable, mid-range, and luxury housing within the same project ...Special Updates Nov 2, 2025 | 3:55 pm
Industry Ministry to End CBU Electric Vehicle Incentives in 2026
... will no longer continue incentives for battery electric vehicles ... Previously, the government provided incentives for CBU electric car ... as reductions in luxury goods sales tax (PPnBM) and ... investment schemes that receive incentives," said Minister of Industry ...News Sep 12, 2025 | 2:29 pm
D-HUB SEZ BSD City Drives Indonesia’s 4 Strategic Sectors
... offers fiscal and non-fiscal incentives, world-class infrastructure, and simplified ... incentives: Fiscal benefits: tax holidays or tax allowances, exemption from VAT, luxury goods sales tax ...Special Updates Sep 10, 2025 | 7:36 am
No More Free Ride: Imported EV Incentives Expire on December 31
... . The Indonesian government will end tax incentives for imported battery electric vehicles ... in combined import duty and luxury goods tax, companies enjoyed a steep discount ... said. Read More: Indonesia Weighs Tax Incentives to Promote Nickel-Based EV ...Business Aug 27, 2025 | 2:49 pm
Erajaya Books $36 Million Profit in First Half of 2025 on Strong Smartphone Sales
... EV demand and government incentives, including luxury goods tax breaks and green industry ...Business Aug 13, 2025 | 4:52 am
Indonesia Weighs Tax Incentives to Promote Nickel-Based EV Batteries
... is reviewing a plan to offer tax incentives aimed at encouraging electric vehicle ... ), import duty exemptions, and luxury goods sales tax (PPnBM) relief. “It’s still ... package would likely combine various tax incentives--VAT subsidies, import duty waivers ...Business Aug 7, 2025 | 2:18 pm
Vietnam Automaker Vinfast Opens Factory in India, Eyeing Growth in Asia
... also benefit from incentives like lower land prices and tax breaks for ... ,990 in the U.S without a federal tax credit. “India’s stand is very ... , while Hyundai, MG Motors and luxury brands like Mercedes-Benz and ...Business Aug 4, 2025 | 1:45 pm
Chinese Car Sales Soar 153% in Indonesia as Japanese Brands Lose Ground
... , challenging Toyota’s dominance in the luxury MPV segment. With a starting price ... and access to generous EV tax incentives (2% vs. 40% for hybrids and ...Business May 11, 2025 | 4:28 am
Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact
... the increase in value-added tax (VAT). As part of ... The initiative also includes income tax subsidies for individuals earning a ... up to Rp 10 million. "Incentives for labor-intensive industries will ... rate would apply only to luxury goods and services, ensuring ...Business Jan 1, 2025 | 3:55 am
Prabowo Announces 12% VAT Increase on Luxury Goods Starting January 2025
... VAT will apply exclusively to luxury goods and services, such ... private jets, yachts, and luxury homes. "This increase is ... private jets, yachts, and luxury homes above the median income ... volt capacity, and various tax incentives for workers and small businesses ...News Dec 31, 2024 | 7:30 pm
The Foreign Investors Who Invested in Indonesia in 2024
... eligible for an array of incentives that pretty much roll out ... can enjoy deducted corporate income tax, an easy licensing process, and ... ground in September. This is a luxury housing project that takes up ...Business Dec 31, 2024 | 4:55 pm
Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts
... increase the Value Added Tax (VAT) on luxury goods to 12 ... 12 percent VAT on luxury goods negatively affects the ... VAT selectively, targeting only luxury goods to minimize the burden ... the importance of targeted incentives to protect vulnerable groups ...Business Dec 24, 2024 | 10:21 am
Breakdown of 15 Economic Policy Stimuli for Public Welfare in 2025
... of economic policy incentives. These incentives include tax exemptions and reductions ... facilities, including: Value-added tax (VAT) Subsidized by the ... 40%. Government-borne Luxury Goods Tax of 15% on ... vehicles. Government-borne Income Tax (PPh 21) incentive ...Special Updates Dec 19, 2024 | 9:38 am
Indonesia’s Car Sales Drop 15 Pct, Astra Maintains Dominance
... luxury goods tax incentive for hybrid vehicles in 2025 alongside extended EV tax incentives ...Business Dec 18, 2024 | 2:29 pm
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
... to VAT or Sales Tax on Luxury Goods (PPnBM). Examples ... VAT hike as targeting luxury goods, arguing that it ... intensive industries will receive wage tax incentives, financing assistance, and subsidies ... will also introduce VAT incentives for electric and hybrid ...Business Dec 17, 2024 | 5:17 pm
Indonesia Rolls Out $51.65 Billion Stimulus Package for 2025 to Offset VAT Increase
... sector, the government will offer tax incentives for electric and hybrid vehicles ... will receive substantial tax breaks, including a 3 percent reduction in luxury taxes for ... kilogram, will remain exempt. Similarly, luxury health and education services will ...Business Dec 16, 2024 | 6:26 pm
From Premium Beef to Elite Schools: 12 Pct VAT to Apply to Luxury Goods
... percent value-added tax or VAT would apply to luxury goods and ... was part of the government's tax reforms to ensure fairness and ... to roll out the VAT incentives for the entirety of 2025 ...Business Dec 16, 2024 | 4:33 pm
Hybrid Cars in Indonesia to Get 3 Pct Luxury Tax Incentive
... packages, including incentives for electric vehicles (EVs). Tax incentives for electric-powered ... cover 3 percent of the [luxury] tax burden for hybrid vehicles,” Airlangga ... four-wheelers are already enjoying luxury tax incentives. At present, electric cars ...Business Dec 16, 2024 | 2:33 pm
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