On October 16, 2020, the Government of Indonesia issued Regulation No. 61 of 2020 regarding Taxable Goods Classified as Luxury Goods other than Motorized Vehicles that are subject to Sales Tax on Luxury Goods

1. Tariffs and objects of taxable luxury goods other than motor vehicles subject to sales tax on luxury goods
   1. The rate is set at 20% for the following objects:
      Luxurious residences, as follows:
      1. Luxury Home
      2. Apartment
      3. Condo
      4. Town House, and the like
   2. The rate is set at 40% for the following objects:
      1. group of air balloons and air balloons that can be steered, other aircraft without propulsion; and
      2. groups of firearms bullets and other firearms, except for state purposes.
   3. The rate is set at 50% for the following objects:
      1. group of aircraft other than those referred to in point b.1, except for state needs or commercial air transportation; and
      2. groups of firearms and other firearms, except for state purposes.
   4. The rate is set at 75% for the following objects:
      Luxury yachts, as follows:
      1. cruise ships, excursion boats and similar vessels principally designed for the transport of persons,  ferries of all types, except for the benefit of the state or public transport; and
      2. yachts, except for state purposes, public transportation, or tourism businesses.
2. When Luxury Sales Tax (LST) is payable
   LST is payable at the time of delivery of goods.
   On the purchase of a yacht for tourism business in point 2.d, if it is used not in accordance with the original purpose or is transferred to another party, the LST that was exempted and/or VAT that was  underpaid must be paid within a maximum of 1 month and is subject to penalties.
3. Government Regulation Number 61 of 2020 became effective 60 (sixty) days after its enactment date, i.e. on 14 December 2020.