New rates set for tax payment

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

According to the Minister of Finance Decree no. 555/KMK.014/1997, the new conversion rates will be valid for one week, from Nov. 10 to Nov. 16. (08)

U.S dollar 1 Rp 3,273,00 Australian dollar 1 2,298.50 Austrian shilling 1 270.62 Belgian franc 1 92.48 Brunei Darussalam dollar 1 2,071.69 Burmese kyat 1 559.49 Canadian dollar 1 2,335.92 Ceylon rupee 1 54.91 Danish krone 1 501.30 Deutschemark 1 1,898.36 French franc 1 569.32 Hong Kong dollar 1 423.26 Indian rupee 1 90.02 Italian lira 100 194.45 Japanese yen 100 2,667.48 Kuwaiti dinar 1 10,844.64 Malaysian ringgit 1 996.31 Netherlands guilder 1 1,691.30 New Zealand dollar 1 2,047.20 Norwegian krone 1 467.70 Pakistan rupee 1 74.39 Philippines peso 1 93.62 Portuguese escudo 1 18.64 Pound sterling 1 5,513.30 Saudi Arabian riyal 1 872.59 Singapore dollar 1 2,093.30 Spanish peseta 1 2,254.14 Swedish krona 1 437.64 Swiss franc 1 2,326.56 Thailand baht 1 84.06