Conversion rate set for import duty, VAT

JAKARTA (JP): The government has set the conversion rates for 30 foreign currencies against rupiah for April, May and June in regards to the settlement of import duties, value added tax and luxury tax.

According to Finance Ministerial Decree No. 128/KMK.014/1997, dated March 27, the conversion rates are as follows: Australian dollar 1 Rp 1,897.14 Austrian schilling 1 Rp 203.29 Belgian franc 1 Rp 69.35 Brunei dollar 1 Rp 1,672.31 Canadian dollar 1 Rp 1,754.15 Denish krone 1 Rp 374.98 Deutschemark 1 Rp 1,432.13 Franch franc 1 Rp 424.87 Hong Kong dollar 1 Rp 312.16 Indian rupee 1 Rp 67.27 Italian lira 100 Rp 143.09 Japanese yen 100 Rp 1,961.87 Kuwait dinar 1 Rp 7,955.86 Malaysian ringgit 1 Rp 976.56 Myanmar kyat 1 Rp 412.82 Netherlands guilder 1 Rp 1,273.70 New Zealand dollar 1 Rp 1,672.43 Norwegian krone 1 Rp 357.21 Pakistan rupee 1 Rp 60.27 Philippine peso 1 Rp 91.83 Portugal escudo 1 Rp 14.17 Poundsterling 1 Rp 3,856.83 Saudi Arabian riyal 1 Rp 643.91 Singapore dollar 1 Rp 1,672.55 Spanish peseta 100 Rp 1,681.17 Sri Lankan rupee 1 Rp 41.98 Swedish krone 1 Rp 315.02 Swiss franc 1 Rp 1,669.16 Thailand baht 1 Rp 93.15 U.S. dollar 1 Rp 2,415.00