taxation policy to support automotive industry...2019/07/04 · 09 insentif fiskal untuk kegiatan...
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Fiscal Policy AgencyMinistry of Finance
Taxation Policy to Support Automotive Industry
14th GAIKINDO International Automotive Conference
24 July 2019
2.499,40
2.923,90
2.698,80 2.894,20
3.525,40 3.361,80
2.328,90
757,00 589,00
2.501,90
-
500,00
1.000,00
1.500,00
2.000,00
2.500,00
3.000,00
3.500,00
4.000,00
2013 2014 2015 2016 2017
4 Wheeled Vehicle Import Export (million USD)
Ekspor
Impor
Manufacturing
industry
19.86%
Non-oil and gas
manufacturing
industry
17.63%
Vehicle industry
(Rp260,9 trillion)
1.76%
Contribution of Industry in 2018 GDP
Source: Statistic Indonesia
0,76 0,891,12 1,23 1,21
1,01 1,06 1,08 1,15
6,40% 6,20% 6,00% 5,60% 5,00%
4,90% 5,02% 5,04%5,17%
0,00%
1,00%
2,00%
3,00%
4,00%
5,00%
6,00%
7,00%
0,00
0,20
0,40
0,60
0,80
1,00
1,20
1,40
2010 2011 2012 2013 2014 2015 2016 2017 2018Penjualan Kendaraan (juta unit) Pertumbuhan Ekonomi
Industrial Contribution to the GDP and Export of Motor Vehicles
• The contribution of the vehicleindustry to GDP is still relatively low
• Vehicle sales are relatively in linewith economic growth
• There is opportunity to increaseexport
Source: Statistic Indonesia
Taxation Policy to Support the Automotive Sector
• Changes in the luxury tax on motor vehicle’s scheme
• Fiscal incentives for battery electric vehicle industry
• Import duty rates• Import duty borne by the government• Tax holiday
Changes in luxury tax on motor vehicle’s scheme
fuel consumption, CO2 emission level
3 groups (≤ 3000, 3000-4000 dan > 4000 cc)
Engine Capacity
Engine Capacity Grouping
Diesel3 groups (≤ 1500, 1500-2500, >2500 cc)
Gasoline4 groups (≤ 1500, 1500-2500, 2500- 3000, >3000 cc)
Vehicle Type Grouping
Imposition Base
Sedan, Non-Sedan Does not distinguish between sedans and non-sedans
Imposition Principle
The bigger the engine capacity the higher the tax rate
The lower the emissions, the lower the tax rate
Incentives LCGCLCGC, Hybrid EV, Plug in HEV, Flexy Engine,
Electric Vehicle
Existing Proposed Changes
Fiscal incentives for battery electric vehicle industry
02 Insentif PajakPenjualan AtasBarang Mewah
03InsentifPembebasan/ penguranganpajak pusat dandaerah
01Insentif Bea Masukatas importasi KBL berbasis bateraidalam keadaan IKD, CKD, atau komponenutama untuk jumlahdan jangka waktutertentu
04 Insentif bea masukdalam rangkapenanaman modal
05 Penangguhan beamasuk dalamrangka ekspor
06 Insentif BM DTP
07 InsentifPembuatanPeralatan SPKLU
08 Insentif Pembiayaanekspor
09 Insentif fiskaluntuk kegiatanlitbang, inovasiteknologi, sertavokasi
10Tarif Parkir di lokasi-lokasitertentu ygditentukan olehPemda
11 Keringanan biayapengisian listrik di SPKLU
12DukunganPembiayaanpembangunaninfrastrukturSPKLU
13 SertifikasiKompetensi
14 Sertifikasi produkdan/atau staandarteknis
STRUCTURE OF TARIFF AND IMPORT DUTY POLICY
Concept of Reducing IKD Import Duty :• Incomplete knock-down (IKD) scheme is a level up of the CBU & CKD scheme and it is expected that domestic added value will be
greater than the CBU and CKD schemes• Through the reduction of import duty rates, vehicles are expected to be more affordable. In the future with an increasing volume in in
the market, industry can reach economies of scale towards the Part by Part scheme for certain component (small amount of component) (This has been done in the Bus and Truck segment> 5 tons)
Localization Increase
Automotive Industry
Development and
Strengthen Industry
Structure
Realization of National
Industrialization
IF THE HARMONIZATION POLICY IS EXTENDED IN
2019 * MINISTRY OF INDUSTRY PROJECTED AN
INCREASING OF INVESTMENT IN THE 2020 - 2023
IN AUTOMOTIVE INDUSTRY BY ± 1 BILLION USD,
(THIS FIGURE DOES NOT INCLUDE INVESTMENT IN
AUTO PARTS)
Import duty for CBU from
ASEAN countries using
ATIGA is 0% while import
duty of IKD is 7.5%
This scheme does not
encourage industry to
increase their investment
in Indonesia
0,00%
10,00%
20,00%
30,00%
40,00%
50,00%
60,00%
70,00%
80,00%
-
100.000.000.000
200.000.000.000
300.000.000.000
400.000.000.000
500.000.000.000
600.000.000.000
700.000.000.000
800.000.000.000
900.000.000.000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Pagu Realisasi % Realisasi thd Pagu
Import Duty borne by Government - Motor Vehicle Component Industry
Tax Holiday FacilitiesMinister of Finance Decree 150/2018
%
2 years 25% reduction
Reduction of Corporate Income
Tax
50%
100%
Time period
5 years
Transition
2 years 50% reduction
•5 th : Rp500 M s.d. < Rp1 T•7 th : Rp1 T s.d. < Rp5 T•10 th : Rp5 T s.d. < Rp15 T•15 th : Rp15 T s.d. < Rp30 T•20 th : minimal Rp30 T
100 billion
500 billion >>
Inve
stm
ent
Val
ue
Pla
n
10-100% 5-15 years noneThe old regime before 2018
Investment value of at least 1 trillion
>> >> >> >>
Which industry can get
Tax Holiday?
minimum investment plan of 100 billionDOMESTIC TAXPAYER
upstream metal industry: steel / non-steel, without
or with integrated derivatives
refining or refining industries of oil and gas
without or with integrated derivatives
petroleum based petrochemical industry,
natural gas or coal without or with
integrated derivatives
basic organic chemical industries sourced from
agricultural, plantation or forestry products without or with integrated derivatives
inorganic basic chemical industry without or with
integrated derivatives
the main pharmaceutical raw
material industry without or with
integrated derivatives
manufacturing of irradiation, electromedical
or electrotherapy equipment
Manufacturing of major components of electronic or
telematics equipment
industrial machinery manufacture and its main
components
manufacturing of robotic components that support machinery manufacturing
manufacturing of robotic components that support
manufacturing of machinery industries
Manufacturing of motor vehicles and
major components of motor vehicles
manufacturing of main components of
ships
manufacturing of main train components
manufacturing of main components of aircraft and aerospace industry
supporting activities
agricultural, plantation or forestry-based processing
industries that produce pulp without or with their
derivatives
economic infrastructure
digital economy that includes data processing, hosting, and
related activities
pioneer industry
new investment
The details of the business sectors included in the scope of the Pioneer Industry are regulated in BKPM Regulation Number 1 of 2019
Thank you!Fiscal Policy AgencyMinistry of Finance
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