Indonesia considers slashing VAT on electric car sales from 11% to 1%

Indonesia considers slashing VAT on electric car sales from 11% to 1%

FILE PHOTO: The logo of an electric car is painted on the road during the opening ceremony of the first Latin American public charging station, at Santiago, April 20, 2011. REUTERS/Ivan Alvarado

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

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