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Indonesia to raise excise tax rates for tobacco products

Indonesia will raise excise tax rates for tobacco products by an average of 10% next year, according to Finance Minister Sri Mulyani Indrawati.
Indonesia to raise excise tax rates for tobacco products ảnh 1Illustrative photo (Source:REUTERS)
Hanoi (VNA) - Indonesia will raise excise tax ratesfor tobacco products by an average of 10% next year, according to FinanceMinister Sri Mulyani Indrawati.

Addressing a press conference last week, the minister saidthe rates will be raised by 10% again in 2024, adding that a higher increasewill be applied for machine-rolled cigarettes.

She also said Indonesia had raised excise taxes on tobaccoproducts since 2014 to cut the smoking prevalence rate among its youth. Andthis year's rates are on average 12% higher than the previous year. 

On December 13, 2021, the ministry announced that the excise ratefor white cigarettes (SPM) and machine-rolled cigarettes (SKM) both increased by 12%, and hand-rolled cigarettes (SKT) increased by 4.5%./.
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