JAKARTA. Today government will announce the cigarette excise rise in 2017. However, Director General of Customs at Ministry of Finance Heru Pambudi refused to give details on the rate of increase. However, a source of Kontan from the Directorate General of Customs revealed that government will raise the tobacco excise by 10%. In general, the tobacco excise rise rate is estimated based on the economic growth and inflation target. With a 5.1% of economic growth and a 4 % of inflation rate, tobacco excise is predicted to rise by 9.1%.
Govt will raise cigarette excise
JAKARTA. Today government will announce the cigarette excise rise in 2017. However, Director General of Customs at Ministry of Finance Heru Pambudi refused to give details on the rate of increase. However, a source of Kontan from the Directorate General of Customs revealed that government will raise the tobacco excise by 10%. In general, the tobacco excise rise rate is estimated based on the economic growth and inflation target. With a 5.1% of economic growth and a 4 % of inflation rate, tobacco excise is predicted to rise by 9.1%.