Heaptalk, Jakarta — Finance Minister Sri Mulyani officially announced the issuance of a fiscal incentive regulation. Under this regulation, the Finance Ministry will impose a luxury goods sales tax (PPnBM) on electric vehicles (EVs) this year.
“Essentially, the Finance Minister Policy (PMK) Number 135 of 2024 is similar to the former regarding the fiscal incentive of PPnBM borne by the government (DTP) for battery-based electric vehicles throughout 2024, as outlined in PMK Number 9/2024,” Minister Mulyani explained virtually on YouTube. (09/01)
Further, she added that the difference in the latest PMK, enacted on December 31, 2024, consists of an additional article regulating data validation within the Indonesia National Single Window (INSW) system. This point is stipulated in Article 5 of PMK 135/2024.
The data required for validation pertains to import notification documents specific to batter-based electric motor vehicles (KBL) in entirely built-up (CBU) conditions for certain four-wheel cars.
In Article 5 of PMK 135/2024, the import notification documents mentioned in Article 4, paragraph (1), letter a data validation is conducted on the elements outlined in the ministerial regulation overseeing government affairs in investment and downstream affairs related to investment guidelines and governance for providing import incentives and/or the delivery of battery-based electric four-wheel motor vehicles, as stipulated by the Indonesia National Single Window System.
The government will continue to cover 100% of the PPnBM for the taxable import of specific battery-based electric vehicles produced from completely knocked-down (CKD) battery-based electric cars, will also be covered 100% by the government.
“The PPnBM borne by the government, as mentioned in paragraphs (1) and (2), is granted for the tax period from January 2025 to December 2025,” as stated in paragraph 3 Article 3 of PMK 135/2024.
