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.

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