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Premier Insight : Government decided to implement excise tax in Indonesian Free Trade Zone area
Friday, May 17, 2019       09:09 WIB

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Cigarette sector: Government decided to implement excise tax in Indonesian Free Trade Zone area, Batam, Bintan, Sabang, and Karimun for cigarettes and beverages. The decision was based on the recommendation Corruption Eradication Commission (KPK) to change FTZ status, and dissolve Batam free port and free trade area (KPBPB) and give the authorities to local government under the surveillance of central goverment. ( CBNC , Kontan).
 Comment: We believe this is one of the government strategies to reduce illegal cigarettes in Indonesia. Positive sentiment for cigarette sector, maintain buy (TP Rp94,600) and (TP Rp4,200).  

Sumber : IPS RESEARCH

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