• Automotive: PPnBM discount regulation for electric vehicles published
Gaikindo responded to the publication of regulations regarding Sales Tax incentives for
Government-Borne Luxury Goods (PPnBM) for electric vehicles (KBL) in 2025. The regulations
in question are Minister of Finance Regulation (PMK) No. 135 of 2024. In this regulation,
incentives apply to two types of electric cars, namely those imported in intact condition or
completely built-up (CBU) and those assembled domestically or completely knocked down
(CKD). Referring to Article 2 and Article 3 of the regulation, the PPnBM payable on imports of
certain four-wheeled CBU Battery-Based KBLs is borne by the government for the 2025
budget year in the amount of 100% of the amount of PPnBM payable. Likewise, the PPnBM
payable on the delivery of certain four-wheeled battery-based KBLs produced from fourwheeled
CKD battery-based KBLs is also borne by the government for the 2025 budget year
at 100% of the amount of PPnBM owed. This PPnBM DTP incentive is valid from the January
2025 tax period to the December 2025 tax period. With the exemption from PPnBM
payments, it is hoped that the price of electric cars in Indonesia will be more affordable for
many consumers. It is also hoped that incentives like this will encourage automotive players
to be more active in introducing new models in the electric car segment and building
production facilities in the country. (Kontan)
• MYOR liquidates its subsidiary in the Netherlands
Mayora Indah (MYOR) announced plans to liquidate one of its subsidiary entities, namely
Mayora Nederland B.V., in the Netherlands. MYOR Corporate Secretary, Yuni Gunawan, said
that the decision was based on several strategic considerations related to efficiency, as well
as the sustainability of the company’s operations. He explained that Mayora Nederland is a
business entity founded by the company in 1996 in the context of publishing the global
medium-term note program. In this action, MYOR acted as guarantor. Since the end of the
program, the subsidiary in question has not carried out any activities at all. As an entity wholly
owned by Mayora with 100% share ownership, Yuni stated that Mayora Nederland currently
has no plans to carry out business activities in the future. In this liquidation process, the
subsidiary has liabilities of approximately IDR 35B whose financial reports are consolidated
with the parent company. Management emphasized that the liquidation was not a material
transaction as regulated in the Financial Services Authority (POJK) regulations and had no
conflict of interest. Apart from that, Yuni ensured that the liquidation step would not have an
impact on MYOR’s business continuity or finances. This plan provides savings on costs
incurred by the existence of subsidiaries. (Bisnis Indonesia)
• RATU explores the possibility to acquire oil and gas block
Raharja Energi Cepu (RATU) is exploring the possibility of acquiring participating interest (PI)
in oil and gas blocks. It is exploring opportunities to increase the portion of participation
rights in the Cepu Block and new investment opportunities in the Kasuri Block, West Papua.
Rukun Raharja (RAJA) Director, Sumantri Suwarno, said RATU would be directed to increase
its participation rights in several oil and gas blocks before deciding to become a field
operator. (Bisnis Indonesia)
