JAKARTA, TAX INCENTIVE - The Indonesian government is considering the reintroduction of a tax incentive on luxury goods sales (PPnBM) to stimulate the purchase of automobiles. This policy is aimed at boosting car sales and, in turn, stimulating the national economy.
Susiwijono Moegiarso, Secretary of the Coordinating Ministry for Economic Affairs, stated that the review of the PPnBM incentive was initiated after the government received a proposal from the Association of Indonesian Automotive Industries (Gaikindo). "The PPnBM scheme has proven to be highly effective in maintaining market demand. They reported a significant decline in automotive demand in the first half of the year," he said on Thursday (25/7).
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