Indonesia Lowers Value-Add Tax on Electric Vehicles from 11% to 1%
Reporting by Fransiska Nangoy Editing by Ed Davies
Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production,
Photo courtesy of Markus Winkler.
Source: Reuters (link opens in a new window)
- Energy, Transportation