Indonesia to Significantly Reduce Value-Added Tax on Electric Vehicles

Published: Apr 3, 2023 15:11

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According to news, the Indonesian government announced on Monday that in order to further attract funds into the country, it has decided to reduce the value-added tax of electric vehicles from 11% to 1% to stimulate domestic consumer demand for electric vehicles.

The incentive will take effect this month and will last until the end of the year, Indonesia's Maritime and Investment Affairs Coordinating Ministry said in a statement.

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