The government has decided to increase the excise tax on tobacco and tobacco products
News24xx.com - The government has decided to increase the excise tax on tobacco and tobacco products (HJE) or the cigarette tax by 23 percent next year. Finance Minister Sri Mulyani said the tax hike would take effect starting January 1.
“We finally decided to raise the tax by 23 percent,” said Sri at the Presidential Palace Complex, Jakarta, Friday, September 13.
In addition to the tax hike, the retail selling price (HJE) of tobacco is also set to soar by 35 percent. “The selling rate will be stipulated in a Finance Minister's Regulation under the decree of the President on January 1, 2020,” she added.
The former managing director of the World Bank reiterated that the tax hike was aimed at reducing cigarette consumption, controlling the industry, and maintaining state revenue, which she estimated to reach Rp173 trillion next year.
She further said that the government was concerned about the increasing prevalence rate of smokers among women and children from 2.5 percent and 7 percent to 4.8 percent and 9 percent, respectively.
“Therefore, we have to think of how to use this tax to reduce the smoking trend,” Sri Mulyani remarked.
The previous hike of cigarette tax was implemented in 2018 by 8.9 percent.
NEWS24XX.COM/PAR
-
Aug 09, 2020 | 11:50 am LT
Viral Story of an old woman in Indramayu who almos...
-
Aug 09, 2020 | 07:16 am LT
Alert! Just Because Of This Building Material, A Y...
-
Aug 08, 2020 | 01:11 pm LT
A profession as a reciting teacher, a man from Mak...
-
Aug 08, 2020 | 01:07 pm LT
Viral Video of Wife Raiding Husband with Other Wom...
-
Aug 08, 2020 | 11:27 am LT
The Pity Fate of a 13-Month Baby When Being Fed by...
-
Aug 08, 2020 | 10:58 am LT
Just for the Sake of Heritage and Assets, This Wom...
-
Aug 16, 2020 | 05:06 am LT
Attack of Racism; Give Salute in the style of Nazi...
-
Aug 09, 2020 | 11:50 am LT
Viral Story of an old woman in Indramayu who almos...
-
Aug 09, 2020 | 10:55 am LT
Mark Zuckerberg has joined the world's most exclus...
-
Aug 09, 2020 | 10:45 am LT
Revealed! It turns out that this is the origin of ...
-
Aug 09, 2020 | 10:42 am LT
Severe! A Woman in South Tangerang is Raped After ...
-
Aug 09, 2020 | 09:34 am LT
Dor! This Man's Intestine Explodes After Eating A ...