JAKARTA, July 31 (Bloomberg): Indonesia will exempt yachts and cruise ships used for tourism from a 75% luxury tax as the world’s biggest archipelago looks into ways to revive its vacation industry amid the pandemic.
Similar sailing vessels built for public transport are also exempted, while those imported for other uses are still subject to the levy, the tax office said in a statement on Saturday. The move is meant to boost marine tourism as it has vast potential, said Neilmaldrin Noor, head of public relations at the office.
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