Indonesia’s Finance Ministry has abandoned a plan to enforce an excise on plastic products starting next year but still wants to go ahead with a tax on packaged sweetened beverages. The head of the ministry’s Fiscal Policy Agency (BKF), Febrio Kacaribu, said the agency would propose to the House of Representatives “in the near future” to cancel discussions on the plastics excise.Taxes on plastic products and sweetened beverages have been on the cards since 2016 but no concrete steps had been taken until 2022, when the government included a revenue collection target for the levy in the 2023 budget. The targeted amount was IDR 980 billion (US$63,24 million) for plastics and IDR 3,08 trillion for sweetened beverages. However, the measures remain unenforced, as the government has yet to issue any implementing regulation specifying which products would be subject to the levy. Nevertheless, revenue targets for the levies were set again in the 2024 budget plan, which President Joko Widodo signed off on through Presidential Regulation No. 76/2023 on Nov. 28 of last year. The collection targets were IDR 1,85 trillion (US$ 119,54 million) for the plastics excise and IDR 4,39 trillion (US$ 283,38 million) for sweetened beverages.https://www.thejakartapost.com/business/2024/08/19/finance-ministry-cancels-plan-for-plastic-products-excise.html (ICE GIACARTA)

Fonte notizia: The Jakarta Post, 19 August 2024