Philippine subsidies policy for purchasing electric buses and buses, and core application conditions
2026-07-27 16:29:16
Purchase Subsidy Details:
1. The subsidy amount for electric buses depends on the model;
2. The corporate income tax is fully waived for up to 20 years (investment exceeding 500 billion Indonesian rupiah);
3. Tariffs and value-added taxes for production equipment and raw materials are exempted.
Core Application Requirements:
1. The vehicle must be produced locally in Indonesia;
2. The local component rate (TKDN) is ≥ 40%;
3. The enterprise must be registered in the Indonesian Ministry of Industry system.
Validity Period: Long-term (subsidy details are subject to policy adjustments)
