Home » Business » Official! This is the Rules for Extending the 100% PPnBM Car Discount from Sri Mulyani

Official! This is the Rules for Extending the 100% PPnBM Car Discount from Sri Mulyani

Jakarta

Minister of Finance (Minister of Finance) Sri Mulyani formal extend discount Sales Tax on Luxury Goods Borne by the Government (PPnBM-DTP) for cars with a cylinder engine capacity of 1500 cc. The government provides relaxation of PPnBM only until the end of 2021.

Extension PPnBM DTP discount given to the 4×2 vehicle segment with an engine capacity of 1,500 cc. This means that those who get 100 percent relaxation are the same 23 cars in the March – May 2021 period. This rule is contained in the Minister of Finance Regulation Number 77/PMK.010/21.

In a copy received by detikcom, Friday (2/7/2021) This policy changes the scheme PPnBM DTP through the issuance of the Minister of Finance Regulation Number 31/PMK.010/21 concerning Sales Tax on Luxury Goods on the Delivery of Taxable Goods Classified as Luxury in the Form of Certain Motorized Vehicles Borne by the Government for Fiscal Year 2021. Minister of Finance Sri Mulyani set the rules on Monday (28/6/2021).

Details on the extension of the PPnBM DTP discount are contained in article 5 paragraph 1. The regulation explains that the 100% PPnBM discount is extended until August. Then after that, a 25% PPnBM discount applies. While the 50 percent discount is omitted in the new rules. Here’s the period;

– 100% (one hundred percent) of PPnBM payable for the April 2021 Tax Period up to the May 2021 Tax Period

– 100% (one hundred percent) of PPnBM payable for the June 2021 Tax Period until the August 2021 Tax Period

– 25% (twenty five percent) of PPnBM payable for the September 2021 Tax Period until the December 2021 Tax Period

PPnBM discount for 1500-2500 cc Cars

While the PPnBM discount for cars from 1,500 cc to 2,500 cc is still the same. There are two PPnBM discount schemes that are given to vehicles with 1,500 – 2,500 cc engines with 4×2 and 4×4 engines.

The first scheme for 4×2 vehicles (1,500 – 2,500 cc), is a 50% discount on PPnBM, which was previously subject to a 20% PPnBM rate which was discounted to 10% for phase I (April-August 2021) and a discount of 25%, which was previously 20% to 15% for Phase II (September-December 2021).

While the next scheme for 4×4 vehicles (1,500 – 2,500 cc) is a discount of 25%, which was previously subject to PPnBM 40% to 30% for Phase I (April-August 2021) and a discount of 12.5%, from 40% to 35 % for Phase II (September-December 2021).

While the list of vehicles that meet the local purchase provisions, it refers to the Decree of the Minister of Industry. No announcement of changes to the level local purchase, referring to Number 31/PMK.010/21 it is stated that at least 60% (sixty percent).

Some time ago Sri Mulyani said that the provision of fiscal incentives in the form of reducing the sales tax rate on luxury goods borne by the government (PPnBM DTP) for 1,500 cc cars was extended until August 2021.

This stimulus is expected to stimulate public consumption and accelerate the rhythm of national economic recovery.

“For automotive DTP PPnBM, we will also extend a 100 percent discount until August for 1,500 cc. And the housing DTP VAT will be extended until December,” said Sri Mulyani at the APBN KITA press conference, which was broadcast through the Ministry of Finance’s YouTube channel at 1:42:00, Monday (21/6/2021).

“Once again, this is an incentive so that the economic sector rises, people also start to use their resources for consumption, especially the upper middle class,” he added.

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