New Car Purchase Tax Discount Extended, Check the Details!

Jakarta –

President Joko Widodo (Jokowi) has approved several programs related to the National Economic Recovery (PEN) which this year is budgeted at Rp 451 trillion. One of them is the PPnBM discount for the purchase of a new car.

This was stated by Coordinating Minister for the Economy Airlangga Hartarto in a virtual press conference on PPKM evaluation, Sunday (16/1/2022).

“Furthermore, the President has also agreed that PPnBM tariff facilities are also borne by the government. This is specifically for the automotive sector,” he said.

He explained that sales of cars with prices below Rp 200 million or in the LCGC category will be given a gradual PPnBM discount. The current PPnBM for LCGC is 3%.

For the entire first quarter of 2022, PPnBM for LCGC is 0%, or fully borne by the government. Then in the second quarter of 2022, the government will bear 2% of the PPnBM LCGC tariff, but the buyer will only bear 1%.

“Then in the third quarter of 2022, 1% is borne by the government and in the fourth quarter it is paid in full according to the tative, which is 3%,” he added.

In addition, incentives are also given for cars with a price of Rp. 200-250 million, which currently has a PPnBM rate of 15%. In the first quarter of 2022, buyers only bear 7.5% tax or 50% borne by the government. Sales in the second quarter of 2022 PPnBM has returned to full effect or 15%.

(hal/dna)

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