SINGAPORE/JAKARTA, Oct 9 (Reuters): Indonesia is set to become Asia's fourth country to introduce a carbon tax but analysts expect opposition from industries that have warned of implementation problems and higher power costs that could undermine manufacturing competitiveness.
The introduction of the tax is part of an ambitious tax overhaul, approved by parliament on Thursday, that includes raising value-added taxes (VAT) next year and cancelling a planned corporate tax cut.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!