
Gov’t Expands Tax Reduction Coverage for Automobiles
Following the provision of fiscal incentive to reduce tariff of the Government-borne luxury goods sales tax (PPnBM DTP) on automobiles last month, the number of sales of cars skyrocketed to 150 percent, indicating a growth in automotive industry. With that regard, the Government announced that it relaxes local purchase requirements to a-bare-minimum of 60 […]