Indonesia's parliament on Wednesday told the government to tax a wider rang...
JAKARTA - Indonesia’s parliament on Wednesday told the government to tax a wider range of plastic products than it had proposed, but held off on the administration’s plans to levy sweet drinks and polluting vehicles.
The government proposal came 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. “We will consider all incoming aspirations because we don’t want to create more burden in the current weak economic conditions,” Indrawati told reporters after the hearing.
“It will be very difficult to apply excise on end products made of plastic ... Too many small players,” Budiyono said, adding that he predicted smuggling of plastic products would increase.
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