Govt. to Scrap Electronics Luxury Sales Tax
The government has decided to abolish the luxury sales tax on 11 electronic products next month, an official said.
The decision came after a tariff team of the Finance Department and the Industry Department reached an agreement on tariff synchronization, Transport Equipment Industry Director General Budhi Dharmadi, said, according to an Antara report on Tuesday (23/10/07).
The luxury sales tax for some products will also be reduced, said Dharmadi.
Sales of electronic products in the country have continued to increase this year with 12 types of household electronic goods growing 12% in sales on average in the first nine months of the year, compared to the same period last year.
The highest increase in sales was recorded for air conditioners up 38% to 702,497 units, followed by washing machines up 29.34% to 676,421 units.
The decision came after a tariff team of the Finance Department and the Industry Department reached an agreement on tariff synchronization, Transport Equipment Industry Director General Budhi Dharmadi, said, according to an Antara report on Tuesday (23/10/07).
The luxury sales tax for some products will also be reduced, said Dharmadi.
Sales of electronic products in the country have continued to increase this year with 12 types of household electronic goods growing 12% in sales on average in the first nine months of the year, compared to the same period last year.
The highest increase in sales was recorded for air conditioners up 38% to 702,497 units, followed by washing machines up 29.34% to 676,421 units.