Summary of Regulation of the Minister of Finance of the Republic of Indonesia Number 152/PMK.010/2019 regarding the Second Amendment to Regulation of the Minister of Finance Number 146/PMK.010/2017 regarding Tobacco Product Excise Rates
This regulation changes the limits of retail sale price per stub or gram and excise rates per stub or gram of domestic production tobacco products and imported tobacco products which will come into effect on 1 January 2020.
The Head of Office of the Directorate General of Customs and Excise resets excise rates with the following provisions:
- the reset excise rates may not be lower than the applicable excise rates, and/or
- retail sale price may not be lower than the applicable limits of retail sale price per stub or gram.
This regulation comes into effect on 21 October 2019.