Fri, 18 Mar 2011

TEMPO Interactive, Jakarta:Businessmen in the cocoa processing industry say they will settle for a 10 percent cocoa tax. Therefore, according to the Indonesian Cocoa Industry Association chairman Pieter Jasman, cocoa duties will be the same as the VAT paid by the industry.

At present, cocoa duties range from zero to five percent. Earlier, the association wanted cocoa duties to be Rp500 per kilogram. However, Pieter said that if duties were Rp500 per kilogram and the international cocoa price was high, it would be difficult for the local industry to get raw materials.