Sat, 19 Sep 2009
From: The Jakarta Post
By Aditya Suharmoko, The Jakarta Post, Jakarta
The government will adjust the excise rate on alcoholic drinks, in light of the newly endorsed law on value-added tax and luxury tax that eliminates the luxury tax for the commodity.

“The rate will remain quite high because we want to control the consumption [of alcoholic drinks],” Anggito Abimanyu, the Finance Ministry's head of fiscal policy, said Thursday.

“But we don’t want smuggling [to increase]."

The law takes effect on April 1, 2010, pending government and Finance Ministry regulations stipulating the implementation of the law.

Customs and Excise Director General Anwar Suprijadi said that to increase the excise on alcoholic drinks, the government would need to talk to shareholders, including hotel and restaurant owners.

“We want to raise it because the excise target [in 2010] is increasing,” he said.

“But it will depend on the government's policy to either make it more expensive or cheaper.”

Alcoholic drinks contribute about 1 percent of total excise, he said.



News Search/Filter
Transaction Rates
18 Aug 17
Buy
Sell
AUD1
10,948.79
10,158.00
BND1
10,159.71
9,422.96
BTC1
57,208,572
57,208,572
CAD1
10,949.00
10,158.68
CHF1
14,412.80
13,370.74
CNH1
2,074.03
1,924.30
DKK1
2,188.11
2,029.97
EUR1
16,272.71
15,094.16
GBP1
17,864.76
16,575.27
HKD1
1,772.56
1,644.64
JPY100
12,675.26
11,758.04
LAK1
1.67
1.55
NOK1
1,739.48
1,613.04
NZD1
10,108.39
9,374.34
PGK1
4,486.30
3,950.48
SEK1
1,706.16
1,582.39
SGD1
10,159.71
9,422.96
THB1
417.33
387.01
USD1
13,868.00
12,868.00
VND1
0.61
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services