English Version
ENGLISH
| , 22 July 2018 |
Indonesia Version
INDONESIA
Facebook
Twitter


Sunday, 22 July 2018 | 16:04
Sandiaga Uno Invites Betawi Artists to Enliven 2018 Asian Games Jakarta Deputy Governor Sandiaga Uno invites Betawi artists
to enliven the 2018 Asian Games.
Sunday, 22 July 2018 | 15:30
Tommy Soeharto Wants Repelita and GBHN Revived Again Tommy Suharto said, as a politician and a son of former
second President of Indonesia Soeharto, he`s saddened with
the condition of Indonesia today.
Ministry Imposes 9.1 percent VAT for Tobacco Products
Monday, 09 January, 2017 | 16:54 WIB
Ministry Imposes 9.1 percent VAT for Tobacco Products

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati has set a 9.1 percent of Value Added Ta (VAT) for tobacco products for 2017. The percentage was higher compared to the number set in 2016 of 8.7 percent, and 8.4 percent in 2015.

According to information quoted from the Finance Ministry website on Monday, January 9, 2017, the new tariff is stipulated in Finance Minister Regulation No. 207/2016 on Guideline for Calculating and Collecting Value Added Tax for Tobacco Products.

Tobacco products subject to the Regulation include cigarettes, cigars, chopped tobacco, and other tobacco products. According to the Regulation, the VAT is calculated based on effective tariffs multiplied by other values. The Regulation has entered into force on January 1, 2017.

Suahasil Nazara, Chief of Fiscal Policies of the Finance Ministry, said that the government plans to normalize tobacco products VAT to 10 percent through several stages.

However, Suahasil was reluctant to provide detailed explanation on when the 10 percent VAT will be imposed. "Currently, [the VAT] is 9.1 percent, and it is final. [...] It will be returned to normal [in 2019]," Suahasil explained.

ANGELINA ANJAR SAWITRI



via Facebookvia TEMPO ID

Comments


Disclaimer: The views expressed in the comments sections are personal responses that do not represent the editorial policy of tempo.co. Our editorial staff reserves the right to moderate or take down comments that contain harassment, intimidation and discrimination against ethnicity, religion, race, and inter-group relations.