JAKARTA, KOMPAS.com – Expanding sales tax discounts on luxury goods or PPnBM For new cars with the 1,501 cc-2,500 cc category it is considered not to have a broad impact because it only benefits one party.
Certain conditions listed and stipulated in the Minister of Finance Regulation (PMK) Number 31 / PMK.010 / 2021 also only refer to the development of brands automotive giants only.
Ignoring other automotive brands that have begun to commit in Indonesia. That was the response from automotive observer Bebin Djuana when talking with Kompas.com, Saturday (24/4/2021) regarding tax relaxation.
Also read: There are incentives and exhibitions, the national automotive market begins to move positively
“In the automotive sector, it turns out that PPnBM incentives are successful trigger. Car medium-low which I initially thought had no effect, it turns out that there are stretches, especially the Vios model, “he said.
“But for 1,501-2,500 cc, this is only enjoyed by a handful of (giant) brands, other brands survived their own struggles,” said Bebin.
According to him, at the beginning of the communication giving incentives, manufacturers wanted to save the accumulated stock of vehicles for the 2020 production year. Because, at that time the demand for cars dropped due to the Covid-19 pandemic.
The communication was then buzzed intensively in the Association of Industry associations Motor vehicle Indonesia (Gaikindo) until submitted to the Ministry of Industry.
“The initiative is by big brands, that’s what I got,” he said.
Also read: PPnBM Boosts Toyota Sales in March
To note, there are four cars that are entitled to PPnBM relaxation for 2,500 cc cars. Among them, the Honda CR-V, Honda HR-V, Toyota Kijang Innova, and Toyota Fortuner.
The four of them get a discount on PPnBM rates of up to 50 percent until August 2021. When detailed with the car models that get incentives (including 1,500 cc and below), Toyota gets the biggest advantage.
This is because almost all of its products pass the requirements for providing incentives, namely 70 percent TKDN and local purchases above 60 percent.
In more detail, here are the provisions for the provision of PPnBM for the 1,501 cc – 2,500 cc vehicle segment:
1. For 4×2 vehicles with engine capacities above 1,500 cc to 2,500 cc are entitled to a 50 percent PPnBM discount from the normal rate in April-August 2021.
2. Then, it becomes 25 percent of the normal rate for the tax period September-December 2021.
3. Meanwhile, 4×4 vehicles with engine capacities above 1,500 cc to 2,500 cc will receive a tax discount of 25 percent from the normal rate which will be given during the tax period April-August 2021.
4. Then 12.5 percent of the normal rate for the tax period September-December 2021. The terms and conditions are the same, namely a minimum local purchase of 60 percent.
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