Indonesia's import duty hike to boost revenue by 800b rupiah


JAKARTA:Indonesia's hike in import duty for consumer goods will bring in an additional 800 billion rupiah (US$59.42 million) in the second half of 2015, but this is only a small part of the full-year revenue target, a finance ministry official said on Monday.

"This isn't a policy to boost revenue," Suahasil Nazara, the head of the ministry's fiscal policy office, told reporters, adding that the increase was small, compared with the 2015 revenue target of 1,761.6 trillion rupiah.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Hock Soon Capital falls 7c below IPO on debut
Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Steel Hawk unit secures PETRONAS deal
Dialog enters recovery year driven by midstream recurring income
Stunning 4Q finish for Malaysia
Topmix posts record quarterly revenue and earnings
SC appoints LC Wakaful Digital as first social exchange operator
One Credit debuts smart fintech system

Others Also Read