Indonesia considers slashing VAT on electric car sales to 1%

JAKARTA : Indonesia is considering reducing the value-added tax on electric car sales from 11 per cent to 1 per cent to drive up demand and attract investment, said Septian Hario Seto, a senior official with the investment coordinating ministry.

"We are still doing a benchmark analysis with other countries [on electric vehicles incentives]," he told reporters after speaking at an investment forum on Wednesday. The planned incentives, however, may only be available for electric vehicles that are at least 40 per cent locally-made, under Indonesia's 'local content rule'.

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