| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Law & Regulation » Topic

Imported feed raw materials in Indonesia charged 10% VAT

Zoom in font  Zoom out font Published: 2016-06-17  Views: 42
Core Tip: Indonesia’s Ministry of Finance recently raised the value added tax (VAT) of imported feed raw materials including corn, wheat and soybean meal to 10%.
 Indonesia’s Ministry of Finance recently raised the value added tax (VAT) of imported feed raw materials including corn, wheat and soybean meal to 10%. Sudirman FX, Chairman of the Indonesian Feed Producers Association (APPI), said feed millers will include the tax in their production cost. As a result, the price of feed, for instance broiler feed, will increase from USD 0.48 to USD 0.51 per kg. “This price increase will then increase the price of chicken and eggs,” said Mr Sudirman. He added that the association hopes the Ministry of Agriculture can discuss with the Ministry of Finance to remove the tax.
 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)