KONTAN.CO.ID - JAKARTA. Indonesia's finance minister proposed on Wednesday new duties on sweetened drinks, vehicles that emit carbon dioxide and plastic bags, to control consumption of the products in Southeast Asia's largest economy. Sri Mulyani Indrawati's proposal comes amid weak tax collection after the economy grew at its slowest pace in three years in 2019. Indonesia had a nearly $15 billion revenue shortfall last year due to weak company profits and falling exports. The proposal is to levy excise taxes ranging from Rp 1.500 to Rp 2.500 (US$ 0,11 - US$ 0,18) per litre on sugar- and artificial sugar-sweetened beverages, such as bottled tea, coffee, carbonated soft drinks and energy drinks, she told a hearing with parliament's finance commission.
Indonesia proposes to tax sweet drinks, polluting cars and plastic
KONTAN.CO.ID - JAKARTA. Indonesia's finance minister proposed on Wednesday new duties on sweetened drinks, vehicles that emit carbon dioxide and plastic bags, to control consumption of the products in Southeast Asia's largest economy. Sri Mulyani Indrawati's proposal comes amid weak tax collection after the economy grew at its slowest pace in three years in 2019. Indonesia had a nearly $15 billion revenue shortfall last year due to weak company profits and falling exports. The proposal is to levy excise taxes ranging from Rp 1.500 to Rp 2.500 (US$ 0,11 - US$ 0,18) per litre on sugar- and artificial sugar-sweetened beverages, such as bottled tea, coffee, carbonated soft drinks and energy drinks, she told a hearing with parliament's finance commission.