JAKARTA (Reuters): Indonesia will raise the excise tax on tobacco products by an average of 12.5% in 2021, the country's finance minister said on Thursday (Dec 10), citing a need to balance efforts to control smoking with the need to support an industry that is a major employer.
The 2021 increase compares with the 23% average excise tax hike this year and may disappoint health groups pushing for stronger action in a country with one of the highest smoking rates in the world.
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