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Indonesia Rises Cigarette Tax by 23% in 2020

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo agreed to increase the cigarette tax by 23 percent starting next year, said finance minister on Friday (09/13). The...

Indonesia Loses US$90.46M from Cigarette Excise Policy: Study

JAKARTA (TheInsiderStories) - Indonesia has the potential to lose Rp1.28 trillion (US$90.46 million) per year from the government's plan to change the policy structure...

Indonesia To Raises Tobacco Tax 10% Starting 2020

JAKARTA (TheInsiderStories) - The Indonesian government will raise tobacco excise tax in 2020 above 10 percent in the effort to generate state revenue. The...

Indonesia Puts Plastic Bag Excise US$0.01 a Sheet

JAKARTA (TheInsiderStories) - Indonesia' finance ministry has set a policy to implement excise of plastic bag worth Rp200 (US$0.01) a sheet assuming Rp30 thousand...

Indonesia Revokes Cigarette Tax Increase for 2019

JAKARTA (TheInsiderStories) – The Indonesian government has decided not to increase the excise tax on tobacco products for 2019. This comes as a surprise,...

Morning Briefing: United States Oil Price Fell to the Lowest Level...

JAKARTA (TheInsiderStories) — Good morning! United States (US) crude oil prices fell to its lowest level in seven months at the end of trading...

Indonesia Will Impose Liquid Tobacco Tax 57% Starting July

JAKARTA (TheInsiderStories) - Indonesia will impose a 57 percent excise tax on liquid tobacco starting July, 1, instead of banning an electronic cigarette, a...