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Indonesia's car sales surge following tax cut


Big boost: An employee assembles a BMW AG X3 SUV at a plant in Jakarta. Indonesia’s sales of four-wheeled vehicles in April jumped 227% year-on-year as a result of the implementation of the sales tax on luxury goods incentive. ─ Bloomberg
JAKARTA: The Indonesian government has been successful in boosting car sales following a policy on the cut of a luxury tax, locally known as PPnBM, for cars with 1,500cc up to 2,500cc.
The government provides the incentive with a 100% discount in the March-May 2021 period, a 50% discount in the June-August period, and a 25% discount in the September-December period for the medium category and the 4x2 type of vehicles with segments up to 1,500cc. ....

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Indonesia's car sales surge following luxury tax cut


JAKARTA, May 23 (Xinhua): The Indonesian government has been successful in boosting car sales following a policy on the cut of a luxury tax, locally known as PPnBM, for cars with 1,500 cc up to 2,500 cc.
The government provides the incentive with a 100-percent discount in the March-May 2021 period, a 50-percent discount in the June-August period, and a 25-percent discount in the September-December period for the medium category and the 4x2 type of vehicles with segments up to 1,500 cc.
The Association of Indonesian Automotive Manufacturers (Gaikindo) said that the government s policy on luxury tax cut as incorporated in a finance ministerial regulation and an industry ministerial regulation on the tax on luxury goods sales has been proven effective as indicated by the increase in the car sales in the country. ....

Jakarta Raya , Agus Gumiwang Kartasasmita , Joko Widodo , Economic Affairs Airlangga Hartarto , Association Of Indonesian Automotive Manufacturers Gaikindo , Bank Indonesia , Indonesian Automotive Manufacturers , President Joko Widodo , Industry Minister Agus Gumiwang Kartasasmita , Car Sales , Tax Cut , Covid 19 , ஜகார்த்தா ராய , வங்கி இந்தோனேசியா , இந்தோனேசிய தானியங்கி உற்பத்தியாளர்கள் , கார் விற்பனை , வரி வெட்டு ,

Car sales surge 70 per cent in Indonesia after luxury tax cut


Lines of vehicles pack kilometer 6 of the Jagorawi Toll Road in Jakarta on Oct. 30, 2020. - Antara
JAKARTA (The Jakarta Post/ANN): Domestic car sales skyrocketed in March as a luxury tax (PPnBM) cut for small cars came into effect, but overall sales remained below prepandemic levels, meeting observers’ expectations about the effect of key incentives on consumer spending.
Nearly 85,000 cars were sold domestically in March, up 72.5 per cent from the previous month and up 10.5 per cent from March of last year, according to data from the Association of Indonesian Automotive Manufacturers (Gaikindo).
Some consumers decided in March to buy a new car, while others made purchases they had delayed from February – when the incentive was announced – to take advantage of the savings. ....

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