Indonesia to reverse luxury car tax increase

Newswire

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 ...

Premium Content (PAID Subscription Required)

"Indonesia to reverse luxury car tax increase" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×