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View all search resultsThe government and the House of Representatives have approved the plan to impose an excise duty on packaged sugar-sweetened beverages (MBDK) in the 2023 State Budget although the implementation will still be dependent on the development of Indonesia's economic conditions next year.
The Finance Ministry’s Customs and Excise Directorate General is planning to slap a plastic duty of Rp 30,000 per kilogram on plastic producers and importers and Rp 200 duties per plastic sheet for consumers.
The recent drop in the valuation of two major cigarette producers casts a shadow over Indonesia's tobacco industry, which has remained stagnant in at least five years, as demand is expected to weaken.
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