New rates for tax payment

New rates for tax payment

JAKARTA (JP): The government issued yesterday a new official
conversion rates as the basis for the payment of import duty,
value-added tax on goods and services, sales tax on luxury goods,
export and income taxes.

The Ministry of Finance decree No. 511/KMK.014/1997, stated
yesterday that the new conversion rates would be valid for one
week from Oct. 13 to Oct. 19.

U.S. dollar 1 Rp 3,400.00
Australian dollar 1 2,475.17
Austrian shilling 1 274.67
Belgian franc 1 93.85
Brunei dollar 1 2,217.11
Canadian dollar 1 2,472.91
Danish krone 1 508.69
Deutschemark 1 1,934.30
Dutch guilder 1 1,717.41
French franc 1 575.61
Hong Kong dollar 1 439.44
Indian rupee 1 94.01
Italian lira 100 197.60
Japanese yen 100 2,799.28
Kuwaiti dinar 1 11,175.02
Malaysian ringgit 1 1,042.43
Myanmar kyat 1 581.20
New Zealand dollar 1 2,179.97
Norwegian krone 1 482.26
Pakistani rupee 1 84.01
Philippine peso 1 97.93
Portuguese escudo 1 18.96
Pound sterling 1 5,502.22
Saudi riyal 1 906.01
Singaporean dollar 1 2,207.36
Spanish peseta 100 2,286.26
Sri Lankan rupee 1 56.85
Swedish krona 1 451.01
Swiss franc 1 2,342.89
Thai baht 1 95.10