KONTAN.CO.ID - JAKARTA. The government has raised the entertainment tax rate with the lowest range of 40% and the highest of 75%. This policy will certainly impact the performance of several issuers whose businesses are related to the entertainment sector. Kiwoom Securities Indonesia's President Director Changkun Shin said, the issuers of bars and alcoholic beverages are most affected by the plan to increase the entertainment tax, which is set at a minimum of 40% and a maximum of 75%. Meanwhile, for hotel services, arts services, and entertainment, it is estimated that the impact will not be too significant because the highest rate is only set at 10% from previously 35%.
Entertainment Tax Increase, Which Stock Issuers Are Affected?
KONTAN.CO.ID - JAKARTA. The government has raised the entertainment tax rate with the lowest range of 40% and the highest of 75%. This policy will certainly impact the performance of several issuers whose businesses are related to the entertainment sector. Kiwoom Securities Indonesia's President Director Changkun Shin said, the issuers of bars and alcoholic beverages are most affected by the plan to increase the entertainment tax, which is set at a minimum of 40% and a maximum of 75%. Meanwhile, for hotel services, arts services, and entertainment, it is estimated that the impact will not be too significant because the highest rate is only set at 10% from previously 35%.