How Many Completely Built-Up (CBU) Cars Were Imported into Indonesia?

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06/09/2018 12:21 WIB

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Import of Completely Built Up (CBU) vehicles during January-July 2018 reached 59,115 units, a 10.71% increase compared to the same period the previous year, which saw only 53,395 units.

Indonesia Imported Completely Built-Up (CBU) Vehicles (2004-July 2018)

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Indonesia Imported Completely Built-Up (CBU) Vehicles (2004-July 2018)

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Luxury cars are among the goods that will be affected by the adjustment of article 22 income tax (PPh) or import tax announced by the Minister of Finance on Wednesday (5/9). This is especially true for imported cars with engines exceeding 3,000 cc. This decision will be stipulated in a Minister of Finance Regulation (PMK) and will take effect seven days after it is signed.

Based on data from the Indonesian Automotive Industry Association (Gaikindo), imports of Completely Built Up (CBU) cars from January to July 2018 reached 59,115 units, a 10.71% increase compared to the same period the previous year, which was only 53,395 units. The issuance of the PMK will erode luxury car imports in Indonesia, which experienced an increase last year.

For information, CBU car imports once peaked at almost 154,000 units in 2013. However, after that, they experienced a downward trend along with the fall in global crude oil and other commodity prices, as well as the slowdown in the domestic economy due to the increase in subsidized fuel prices (BBM).

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."