Indonesia MOF Issues Regulation on VAT Measures for Deliveries of Used Motor Vehicles

The Indonesian Ministry of Finance March 30 issued Regulation No. 65/PMK.03/2022, on VAT measures for deliveries of used motor vehicles. The regulation provides that taxpayers must: 1) bill for 10 percent of the VAT rate as output VAT for deliveries of used motor vehicles; and 2) submit periodic VAT returns reflecting both the input and output VAT amounts. The regulation enters into force April 1. [Indonesia, Ministry of Finance, 03/30/22]

Reference:
View Regulation No. 65/PMK.03/2022. View Announcement.