Fortuner Innova gets a discount on PPnBM, the price is down to Rp. 80 million. Minister of Finance Sri Mulyani Indrawati explained that the discount on the Exclusive Goods Marketing Tax (PPnBM) for motorcycles with a shift of more than 1,500 to 2,500 cc will take effect from April 2022.
Thus, the price of 4-wheeled vehicles has 1,500 cc so 2,500 cc will shrink. Some of these cars are like Innova to Fortuner.
Sri Mulyani explained that her faction is currently finalizing the Regulation of the Minister of Finance (PMK) which will control the granting of PPnBM discounts for motorcycles with sizes above 1,500 to 2,500 cc.
“Currently 2,500 cc are in the process of completing the PMK which will be implemented in April. Specifically for 1500 to 2500 cc, it will be published, after the PMK is ready,” said Sri Mulyani. March 2022 edition of APBN, Tuesday (23/3/2022).
Sri Mulyani asks from April to lower car prices
Currently, the relaxation of PPnBM is running in stages, namely 0% from March to May, then with PPnBM of 50% from June to August and finally with PPnBM from 25% from the end of September to November. This provision has been applied to 4-wheeled vehicles weighing less than 1,500 ccm.
The idea of giving stimulants in the form of PPnBM discounts for vehicles up to 2,500 cc arrived from President Joko Widodo (Jokowi). The former governor of DKI Jakarta wants 2,500 cc motorcycles like the Fortuner to get tax incentives even during an epidemic.
The requirement is that the Domestic Component Level (TKDN) is a minimum of 70%. It should be noted that vehicles from Toyota Fortuner and Innova already have a TKDN of more than 70%.
In Government Provisions Number 41 of 2022 concerning Taxes on Exclusive Goods in the Form of Motorized Vehicles Subject to Marketing Tax on Exclusive Goods.
Fortuner Innova gets a discount on PPnBM, the price is down to Rp. 80 million. Fortuner and Innova are contained in 4×2 vehicles with a capacity of less than 2,500 cc which are subject to a 20% PPnBM fee. Fortuner 4×4 is charged PPnBM fee of 40%.
If you watch the replication, the selling value of the Fortuner can drop to Rp. 80 million and the price of the Innova to Rp. 53 million. Here’s the replication:
Taking the example of the Fortuner 4×2 2.4 GM / T Diesel which is currently marketed at a price of Rp. 512,000,000 (OTR Jakarta), the Selling Value of Motor Vehicles (NJKB) 4×2 2.4 GM / T Diesel becomes Permendagri No. one in 2022 at a price of Rp. 382,000,000 coefficients are weighed. of 1,050, therefore the following is the calculation:
= (NJKB x weight coefficient) x 20% PPnBM value
= (Rp382,000,000 x 1,050) x 20%
= IDR 80,220,000
In general, the price of OTR has been calculated as PPnBM. If 0% PPnBM is removed, how much is the discount?
OTR prices are deducted by the range of PPnBM
= IDR 512,000,000 – IDR 80,220,000
= IDR 431,780,000
For the Innova, take the example of the Innova M / T Gasoline which is currently marketed at a price of Rp. 342.400.000. Selling Value of Diesel Motorized Vehicle (NJKB) Innova 2.0 M / T from Permendagri No. one year 2022 found an amount of Rp.382,000,000 and a weight coefficient of 1,050. The following is further calculated:
= (NJKB x weight coefficient) x 20% PPnBM value
= (Rp 256,000,000 x 1,050) x 20%
= IDR 53,760,000
How much is the price reduction for Innova M / T if there is no 0% PPnBM?
IDR 342.400.000 – IDR 53,760,000 = 288,640,000
