Jakarta –
Sales tax discount on luxury goods (PPnBM) 100 percent for new cars 1,500 cc and below ended last May. The result was clear, the government agreed to extend the relaxation.
The government seeks to accelerate the national economic recovery by implementing various strategic policies, one of which is through the provision of fiscal incentives in the form of lowering the sales tax rate on luxury goods borne by the government (PPnBM DTP) for motor vehicles.
“The Ministry of Finance agrees with us that PPnBM DTP can be extended. This is in accordance with the direction of President Joko Widodo, a breakthrough is needed to continue to create a conducive business climate in the midst of a pandemic. , which has consistently contributed significantly to the national economy,” said Industry Minister Agus Gumiwang Kartasasmita in a statement in Jakarta, Sunday (13/6/2021).
Extension of incentives PPnBM zero percent This was proposed by the Minister of Industry and approved by the Minister of Finance Sri Mulyani Indarwati at the National Economic Recovery (PEN) meeting chaired by the Coordinating Minister for Economic Affairs Airlangga Hartarto, Friday (11/6).
Sales increase PPnBM extended, proposed by Gaikindo
Previously, the PPnBM relaxation program was started for 1,500cc passenger cars with certain local content. According to the scheme, changes to tax cuts are applied every three months, namely March-May 100 percent discount, July-August 50 percent, and October-December 25 percent.
In March the 100 percent PPnBM discount was applied, an increase of up to 28.85 percent. Then in April 2021, the sales surge reached 227 percent compared to the same period in 2020 (year on year / yoy).
Referring to the data from the Association of Indonesian Automotive Industries (Gaikindo), retail sales, cumulatively, January-April 2021 rose 5.9 percent yoy to 257,953 units. On a monthly basis retail sales volume has approached the normal level or around 80,000 per month.
Seeing this positive effect, the government will extend the 100 percent PPnBM DTP facility for sales of 4×2 cars under 1,500 cc until August 2021. Furthermore, the period for the 50 percent PPnBM DTP discount is extended to December 2021.
The proposal for the extension of the DTP PPNBM discount was previously submitted by the Indonesian Automotive Industry Association (Gaikindo). He assessed that the zero percent PPnBM relaxation program was a success, with all parties benefiting, both in terms of automotive businesses, consumers and the government.
“The government can assess and evaluate what has happened in the last three months, namely March, April and May. If we see it, it is right on target, and all parties are happy with this stimulus,” said Chairman I of Gaikindo, Jongkie Sugiarto.
The Ministry of Industry noted that currently the potential of the automotive sector is supported by 21 companies, with a total capacity of 2.35 million units per year and a direct employment of 38 thousand people. In addition, more than 1.5 million people work along the industry value chain.
“This means that the automotive industry is one of the drivers of the economy whose growth must be accelerated because this industry involves many local business actors in its production chain from upstream to downstream,” said Agus.
Watch Videos”KuTips: How to Carefully Hunt for New Cars at PPnBM Discounts“
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(riar / lua)
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