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import-duties

Indonesia set to delay import duties, corporate income tax payments to cope with virus effects
Business 6 years ago

Indonesia set to delay import duties, corporate income tax payments to cope with virus effects

Coordinating Economic Minister Airlangga Hartarto said the fiscal stimulus aimed to stimulate manufacturing activity. 
Attention, shoppers: New regulation on imported goods to take effect Jan. 30
Business 6 years ago

Attention, shoppers: New regulation on imported goods to take effect Jan. 30

Finance Ministerial Regulation (PMK) No.199/2019 sets the maximum value of non-taxable imported goods at US$3 per shipment, far lower than the current $75.
Indonesia to discuss biofuel duties with EU at end of this month amid trade tit-for-tat
Business 6 years ago

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Indonesia to discuss biofuel duties with EU at end of this month amid trade tit-for-tat

The two parties have sued each other at the World Trade Organization as trade relations between the two jurisdictions simmer.
E-commerce dominates in 2019 with Tokopedia topping the list
Business 6 years ago

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E-commerce dominates in 2019 with Tokopedia topping the list

The e-commerce sector in Indonesia grew at a compound annual growth rate (CAGR) of 88 percent from 2015 to 2019 with a gross merchandise value (GMV) of US$21 billion.
Govt's import tax plan faces backlash from merchants and buyers
Business 6 years ago

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Govt's import tax plan faces backlash from merchants and buyers

Merchants and buyers are objecting to welcoming the New Year with a new policy that essentially hikes tax on goods imported for sale on e-commerce platforms.
Indonesia needs higher import duties to protect local online retailers: LIPI
Business 6 years ago

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Indonesia needs higher import duties to protect local online retailers: LIPI

Currently, Indonesia charges a 7.5 percent duty on imported goods worth US$75 or more per invoice.
Government mulls plan to impose temporary duties on imported textile products
Business 6 years ago

Government mulls plan to impose temporary duties on imported textile products

The Finance Ministry’s fiscal policy head, Suahasil Nazara, said the government had identified 121 products, including yarn and curtain fabric, that would be subject to the safeguard measure.
Government launches tax exemption app for imported oil and gas equipment
Business 6 years ago

Government launches tax exemption app for imported oil and gas equipment

The new app is intended to simplify the process of applying for a tax exemption for imported exploration equipment.
Import duties can be alternative way to tax digital economy: Experts
Business 6 years ago

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Import duties can be alternative way to tax digital economy: Experts

Australia has imposed a general services tax (GST) on imported digital services and products since 2017 amid an absence of a global consensus on how to tax multinational digital companies.
Indonesia risks palm oil exports if progress not made on sustainable cultivation, experts warn
Business 6 years ago

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Indonesia risks palm oil exports if progress not made on sustainable cultivation, experts warn

Center for International Forestry Research (CIFOR) senior scientist Herry Purnomo warned that concerns about the sustainability of the commodity had now stretched beyond the EU, with similar concerns being expressed in North America and Australia.
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