The head of Indonesian Finance Ministry's fiscal policy agency, Febrio Kacaribu, has announced that the value-added tax incentive provided by the government for the purchase of electric cars and buses will be valid from April to December 2023.
Indonesian President Joko Widodo has agreed to extend luxury tax exemption on low-cost cars until the end of this quarter, Coordinating Minister for Economic Affairs Airlangga Hartarto has said.
The Thai cabinet on October 12 approved tax incentives to boost domestic consumption in a bid to revive an economy struggling with impacts of the COVID-19 pandemic.
Motorcycle manufacturers in Indonesia have started to adjust sales target this year due to impact of the COVID-19 pandemic, announced the Indonesian Motorcycle Industry Association (AISI).
The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and promote consumption.
Indonesia's economy is likely to begin recovering in the last quarter of 2020 before the growth accelerates in 2021 with an expected expansion of between 4.5 and 5.5 percent, according to Indonesian Finance Minister Sri Mulyani Indrawati.
The tax incentive mechanism of the EU-Vietnam Free Trade Agreement (EVFTA) will bring great benefits to Vietnamese industries and products, according to Minister of Industry and Trade Tran Tuan Anh.
The National Assembly’s Standing Committee discussed a draft Law on Special Administrative Economic Units on April 16 with a focus on preferential policies to attract investment.
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