August 26, 2021, 05.23 PM
Indonesia's Industry Minister Agus Gumiwang Kartasasmita delivers a speech in an event. Dokumentasi humas kemenperinIndonesia's Industry Minister Agus Gumiwang Kartasasmita delivers a speech in an event.


JAKARTA, KOMPAS.com – A proposal to extend the relaxation of a temporary 100 percent cut on luxury tax (PPnBM) for new cars has been made, said a minister.

“I have already signed a letter to Finance Minister [Sri Mulyani] to propose for an extension of PPnBM because it is affected many supporting businesses in the industry,” said Industry Minister Agus Gumiwang Kartasasmita during a meeting with House Commission VII overseeing energy and mineral resources on Wednesday, August 25.

The minister said the incentive program was able to boost car production and sales during the Covid-19 pandemic.

Also read: Indonesia Highlights: Indonesia Approves New Car Tax Incentives | Indonesian Ex-Minister Named Commissioner of Telkomsel | Travel Restrictions during Long Weekend Holidays for Indonesian Civil Servant

According to data from the ministry, car sales in the second quarter of 2021 rose significantly to 758 percent following the incentives.

The relaxation of the tax incentives for new cars with engine capacities of 1,500 cc ended this month.

Meanwhile, from September-December this year, the incentive provided was only at 25 percent. The relaxation for value-added tax (VAT) on purchase of property sector was also able to boost sales, he said.

Also readIndonesia Imposes Tax Exemption for Import of Health Equipment

“The property sector also has many supporting industries behind it,” said Agus. Data from the ministry showed that property sales rose by 15-20 percent and the incentive program was also able to boost the growth of the non-metallic mineral industries such as cement, ceramics, and building materials.

“We also push the relaxation for VAT in the property sector because it is also supported by very large supporting businesses. The goal is to increase the capability of our demand side,” said the minister.

(Editor : Erlangga Djumena)

Source: https://money.kompas.com/read/2021/08/25/190922326/menperin-minta-sri-mulyani-perpanjang-relaksasi-ppnbm-100-persen.

Dapatkan update berita pilihan dan breaking news setiap hari dari Kompas.com. Mari bergabung di Grup Telegram "Kompas.com News Update", caranya klik link https://t.me/kompascomupdate, kemudian join. Anda harus install aplikasi Telegram terlebih dulu di ponsel.



Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

Business
October 20, 2021, 06.45 PM

Facebook Plans to Change Its Name: Report

News
October 18, 2021, 04.55 PM

Indonesia Wins First Thomas Cup in 19 Years

Business
October 6, 2021, 03.11 PM

Indonesian State Firms Invest in Local Startups

Close Ads X