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Indonesia lowers VAT on electric vehicles to 1%

JAKARTA, April 3 (Reuters) – Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production, The incentive came into effect this month and will remain in place until the end […]

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Vietnam: Agriculture sector sees lower trade value in Q1

The trade value of agro-forestry-fisheries products in the first quarter of this year was estimated at US$20.63 billion, down 11.2 per cent year on year, according to the Ministry of Agriculture and Rural Development (MARD). HÀ NỘI — The trade value of agro-forestry-fisheries products in the first quarter of this year was estimated at US$20.63 […]

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Thailand: Excise Department sees year-on-year revenue dip

The Excise Department collected 198 billion baht in revenue during the first five months of fiscal 2023, down from 230 billion during the same period last year, attributed to the continued diesel excise tax cut, according to deputy director-general Kriengkrai Pattanaporn. In March, the government resolved to extend the period for the excise tax reduction for […]

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