News Snapshot:
Tue, Mar 16, 2021 page10 Indonesia to step up tax perks for electric vehicles Bloomberg Indonesia, a top supplier of a key battery metal, is aiming to boost sales of electric vehicles (EV) with a new regulation that would cut tax breaks for hybrid cars. Battery-powered electric vehicles would retain their zero percent luxury tax rate, while plug-in hybrid vehicles would see their tariff increase to 5 percent from zero percent, according to a draft regulation issued by the Indonesian Ministry of Finance yesterday. Full and mild hybrid types would be taxed at a rate of 6 to 12 percent,...
