What is the import tax in Indonesia?
What is the import tax in Indonesia?
Furthermore, all taxable goods for import into Indonesia have a 7.5% import duty and a 10% value-added tax.
How is import cost calculated in Indonesia?
If you want to import goods that are worth more than USD 75, but less than USD 1,500, the import charges are the following:
- Import Duty 7.5% (flat rate on all products)
- Value-Added Tax 10%
- Income Tax (10% if you have an Indonesian Tax ID, 20% if you don’t have an Indonesian Tax ID)
Can you bring wine to Indonesia?
You can bring in one litre per adult duty free. Any amount over that is subject to tax. With wine most often sold in 750 ML bottles, this can be difficult to negotiate with customs if bringing in more than one bottle.
Is there excise tax on alcohol in Indonesia?
TEMPO.CO, Jakarta – Finance Minister Sri Mulyani has signed a new policy in light of excise tax on alcoholic beverages in 2019. The tariff adjustment is valid to drinks containing ethyl alcohol (MMEA) and concentrates containing ethyl alcohol (KMEA).
Do you have to pay sales tax when you import from Indonesia?
In addition to duty, imports are also subject to sales tax, and in some cases to excise and STLG. Duty Rates. Duty rates in Indonesia vary from 0% to 40%, with the average duty rate at 10.89%. Some products can be imported free of duty (e.g. books, laptops, and other electronic products). Sales Tax.
Is there a 150 percent import tax on alcohol?
In a regulation issued on July 9, the Finance Ministry stated that any beverages with alcohol content of less than 80 percent, such as brandy, whisky, vodka, gin and rum, will be charged import duties at 150 percent. ‘The regulation is effective 14 days after it is issued,’ a statement from the Finance Ministry says.
How to become an importer of record in Indonesia?
An importer of record (IOR) is a service provider that allows you to import your products to Indonesia without acquiring any import licenses nor setting up a company here. If you wish to establish an import company in Indonesia, you need to plan at least a few months since getting the company incorporated and acquiring licenses will take some time.