JAKARTA, June 13 (Reuters) – Indonesia aims to extend a luxury tax break on the sale of sedans and two-wheel drive cars with engine power of less than 1,500 cc to August to support its pandemic-hit automotive industry, the industry ministry said on Sunday.
The tax was fully removed in March and was supposed to be re-imposed at 50% from June. The 50% discount will now apply from August to December.
Industry Minister Agus Gumiwang Kartasasmita said the extension of the lifting of the tax was aimed at revitalising demand for a industry “that has consistently contributed significantly to the…
