BEAMSTART Logo

Indonesia Customs Office: Import Shipment Valued At $3 Or More Must Now Pay Import Tax

This move aims to control purchases of cheap foreign products and protect small domestic firms.


Indonesia Customs Office: Import Shipment Valued At $3 Or More Must Now Pay Import Tax | BEAMSTART News

- From our Sponsors -

Starting January 1 next year, Indonesia will lower the threshold at which it begins to impose import taxes on consumer goods sold via e-commerce from $75 to just $3 (about Rp 42,000).

In October last year, the customs reduced the threshold from $100 to $75 per shipment to restrict imports.

- Featured Sponsor -

Under the new regulations, foreign-produced textiles, clothes, bags, and shoes that cost a minimum of $3 will be subject to a range of taxes with a total rate of 32.5% to 50% of their value.

To monitor transaction data, including the quantity, type and price of goods, in real time, the Finance Ministry will also connect its customized National Single Window (NSW) system with online marketplaces.

“This is to protect firms who’ve been producing goods that are often traded in e-commerce, such as sandals, crafts, and handbags,” Heru Pambudi, the director general of customs and excise at the Finance Ministry, said.

- From our Sponsors -

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).