Based on records of Statistics Indonesia, goods import undergoes a decrease in the period of September-December 2018 by 9.98%. The import value of goods the article 22 income tax of which undergoes an increase from 2.5% to 7.5% decreases by 23%. However, the import value of goods with article 22 income tax of 10% increases by 4.44%.
According to the Ministry of Finance, the average daily import also undergoes a decrease. The decrease in goods import constitutes the impact of Regulation of the Minister of Finance Number 110/PMK.010/2018 regarding the Amendment to Regulation of the Minister of Finance Number 34/PMK.010/2017 regarding Collection of Article 22 Income Tax in Connection with Payment for Goods Delivery and Activities in the Field of Import or Business Activities in Other Fields.
Through the regulation which has come into effect as of September 13, 2018, the government adjusts the rates of article 22 income tax of 1,147 imported goods. 672 imported goods are subject to article 22 income tax of 10%. Meanwhile, article 22 income tax of 7.5% is imposed on 1,077 imported goods.