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 ”).