Auto industry expects minimal impact on car sales from VAT hike – Economy
ndonesian carmakers are expecting a minimal impact from the planned value-added tax (VAT) increase to 12 percent which is set to take effect in January 2025, thanks to fiscal incentives designed to offset the burden. The Indonesian Automotive Manufacturers Association (Gaikindo) said the incentives would help alleviate concerns from businesses and industry players about the … Read more