Low Factory Utilization Is Very Dangerous
Monday, February 22, 2021
The Indonesian Automotive Manufacturers Association (Gaikindo) Secretary General Kukuh Kumara believes that the government plan to cut luxury goods sales tax (PPnBM) on new 1,500cc cars will have a big impact upon economic growth.
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THE government will be giving luxury goods sales tax (PpnBM) exemption for cars with engine capacity of up to 1,500 cubic centimeters (cc) starting from March to May. The tax cut will be gradually reduced to 50 percent in June to August, and then to 25 percent in September to November.
Many are having doubts as to whether the government’s decision will have any immediate impact for the economic growth. However, the Indonesian Automoti
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