Value-Added Tax Calculations for Deliveries of Certain Four-Wheeled Battery-Powered Vehicles and Certain Battery-Powered Buses Borne by the Government for the 2023 Fiscal Year Introduced

In an effort to encourage government policies that will accelerate Indonesia's transformation from the use of gasoline-powered vehicles to electrically powered vehicles and to expand the market for battery-powered electric vehicles among the general public,[1] the Minister of Finance (“Minister”) has issued Regulation No. 38 of 2023 on Value-Added Tax (Pajak Pertambahan Nilai – “PPN”) on Deliveries of Certain Four-Wheeled Battery-Powered Electric Motorized Vehicles (Kendaraan Bermotor Berbasis Listrik – “Battery-Based KBL”) and Certain Battery-Powered KBL Buses Borne by the Government for the 2023 Fiscal Year (“Regulation 38/2023”).