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High Taxes During Hard Times

Monday, January 13, 2025

The automotive and property sectors are subject to the 12 percent VAT rate. The government provides incentives to minimize the impact of the new levies.

arsip tempo : 177089092575.

A salesperson provides product information and new car prices at a Honda Dealership in Depok, West Java, on Tuesday, January 7, 2025. Minister of Industry Agus Gumiwang Kartasasmita said the additional vehicle "opsen" or tax surcharge tax policy would burden the automotive industry. TEMPO/M Taufan Rengganis. tempo : 177089092575.

ROHMAT, 54, has canceled his plan to buy a new car this year. The man, who lives in Depok, West Java, even discarded several brochures and price lists for cars from various brands that he had collected. His plan to upgrade his 15-year-old car was scrapped after the government increased the value-added tax (VAT) from 11 percent to 12 percent. “I had to cancel,” he said on Friday, January 10, 2025.

Cars are one of the items subject to

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Retno Sulistyowati

Tax Property Automotive industry PPnBM Industry tax surcharges
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