Indonesia to reverse luxury car tax increase


JAKARTA, Dec 22 (Reuters) - Indonesia will scrap a 5-10 percent additional luxury tax that was to apply to car sales to try to boost the industry, Finance Minister Sri Mulyani Indrawati said on Thursday. The new tax had yet to take effect, officials said. It had been proposed by an industry minister who was sacked in a cabinet reshuffle earlier this month. "We will revoke the government regulation on the additional luxury tariff on cars," Indrawati told reporters. She said the move ...

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