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Senin, Februari 26, 2024

Towards Indonesias Energy Transition: Incentive Schemes for BEV Introduced for Fiscal Year 2024

Tax and Non-Tax Charges

As Indonesia is speeding up its transition away from the use of fossil energy towards electrical energy, the Minister of Finance ("Minister") recently introduced a set of incentives schemes particularly for Battery-Powered Electric Motor Vehicles (“BEV”) through the issuance of Regulation of the Minister No. 8 of 2024 ("Regulation 8/2024") and Regulation of the Minister No. 9 of 2024 ("Regulation 9/2024"), which has been in force since 15 February 2024.
Regulation 8/2024 grants value-added tax (pajak pertambahan nilai – "PPN") incentive on deliveries of certain types of four-wheeled and buses BEV which fulfills specific Domestic Component Levels (Tingkat Komponen Dalam Negeri – "TKDN") values. These include: 1) A 10% PPN of the selling price that meets the minimum 40% of TKDN value; and 2) A 5% PPN of the selling price for buses that meet the minimum 20% to 40% TKDN value.
Meanwhile, Regulation 9/2024 provides a 100% of payable luxury-goods sales tax (pajak penjualan atas barang mewah/PPnBM) incentive for business actors that specifically engage in the importation and/or delivery of certain types of four-wheeled BEV, either in a completely built-up or completely knocked-down state.
Director of Counseling, Services and Public Relations of the Directorate General of Taxes, Dwi Astuti, explained that the period for the above-mentioned incentives is applicable throughout the fiscal year spanning from January to December 2024. Thus, it is hoped that the public can take the most advantage of this given opportunity.
For more on this story, see Hukumonline: “Kemenkeu Terbitkan Dua Regulasi Terkait Insentif Kendaraan Bermotor Listrik”

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As Indonesia is speeding up its transition away from the use of fossil energy towards electrical energy, the Minister of Finance ("Minister") recently introduced a set of incentives schemes particularly for Battery-Powered Electric Motor Vehicles (“BEV”) through the issuance of Regulation of the Minister No. 8 of 2024 ("Regulation 8/2024") and Regulation of the Minister No. 9 of 2024 ("Regulation 9/2024"), which has been in force since 15 February 2024.
Regulation 8/2024 grants value-added tax (pajak pertambahan nilai – "PPN") incentive on deliveries of certain types of four-wheeled and buses BEV which fulfills specific Domestic Component Levels (Tingkat Komponen Dalam Negeri – "TKDN") values. These include: 1) A 10% PPN of the selling price that meets the minimum 40% of TKDN value; and 2) A 5% PPN of the selling price for buses that meet the minimum 20% to 40% TKDN value.
Meanwhile, Regulation 9/2024 provides a 100% of payable luxury-goods sales tax (pajak penjualan atas barang mewah/PPnBM) incentive for business actors that specifically engage in the importation and/or delivery of certain types of four-wheeled BEV, either in a completely built-up or completely knocked-down state.
Director of Counseling, Services and Public Relations of the Directorate General of Taxes, Dwi Astuti, explained that the period for the above-mentioned incentives is applicable throughout the fiscal year spanning from January to December 2024. Thus, it is hoped that the public can take the most advantage of this given opportunity.
For more on this story, see Hukumonline: “Kemenkeu Terbitkan Dua Regulasi Terkait Insentif Kendaraan Bermotor Listrik”

......

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Precedent Hukumonline
Virtual Discussion

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Rp 4.500.000

per bulan

Semua Fitur Paket Standard
Terjemahan Peraturan
Peraturan Konsolidasi
Premium Stories
Monthly Law Review (MLR)
Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

Indonesian Legal Brief (ILB)
Daily Updates
Bantuan Layanan Pencarian Peraturan
Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent

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