Deficit on Balance of Trade has forced Indonesia's government to release a new Minister of Finance's regulation No. 121/PMK/011/2013 pertaining classification of products which imposed with luxury tax rather than vehicle. As previously mentioned written by Invisindo, Indonesia is suffering imbalance of trade during period January - July 2013 amounting -USD 5.65 billion. Oil and Gas remains as the largest contributor to this deficit but surprisingly apart from oil and gas, import of mobile phone remain the highest contributor with total value amounting USD 1.2 billion.
The rise of mid-power consumer group has not only brought positive impact to Indonesia's economy growth, yet it had somehow increased the import on certain products like cellular phone. Indeed, as the market follower whom is following global trend, lifestyle's product such as cellular phone and other electronic stuffs like LCD / LED, refrigerator and others imported products have become a threat to Indonesia's balance of trade.
Thus, to adjust to current balance of trade, Ministry of Finance has issued a regulation pertaining luxury tax on certain products which has been signed by Minister of Finance, Chatib Basri on August 26, 2013 and effectively applied on the signed date. In practice, there are five groups classify each product which has been imposed with different luxury tax, starting from 10% - 75%. In total there are 49 HS Codes listed on group of 10% luxury tax as seen below:
Lists of new luxury goods tax which are imposed with PPnBM as much as 10%
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No.
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Luxury Goods Description
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Harmonized System (HS) Code
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Tax Tariff
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|
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A.
B.
C.
D.
E.
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a1
a2.
a3.
a4.
a5.
d1.
d2.
e1.
e2.
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Household utilities, a coolant, a heater, and a
television broadcast receiver.
A freezer
A
combination of cooler and freezer for household type with capacity above 180
lt with import value or selling price up to Rp 10.000.000,- (ten millions
rupiah) per unit
A
compressions type
Etc.
An instant water
heater or non-electric storage water heater for household type, with import
value or selling price up to Rp 5.000.000,- (five millions rupiah) per unit.
A
gas fuel water heater
Etc.
A washing machine for
household type, including that used to wash and dry cloth, fabric and its
kind with import value or selling price up to Rp 5.000.000,- (five millions
rupiah) per unit.
Fully
automatic machine
§ Dry linen capacity up to 10 kg
Other
type which fitted with centrifugal dryer
§ Dry linen capacity up to 10 kg
Etc
§ Dry linen capacity up to 10 kg
An instant water
heater or electric storage water heater, other electro thermal equipment for
household type with import value or selling price up to Rp 5.000.000,- (five
millions rupiah) per unit.
An
instant water heater or electric storage water heater.
An
instant water heater or with storage.
Electrical heating
apparatus and electric land heater apparatus.
Storage
heater radiator
Etc.
A television broadcast
receiver apparatus, combine or not combine with radio receiver or recorder
apparatus or sound and video reproduction, video monitor.
A
colored video monitor above 17 inch to 43 inch with import value or selling
price up to Rp 10.000.000,- ( ten millions rupiah) to Rp 15.000.000,-
(fifteen millions rupiah) per unit.
§ A cathode rays tube monitor
·
For
computer
·
Other
used beside computer
§ Other type of monitor beside a
cathode rays tube monitor
·
FPD
monitor for computer and video, for overhead projector (ITA1/B-200) for
computer
·
A
data video monitor and computer, for overhead projector (ITA1/B-200) for
computer
·
Etc.
A
television receiver apparatus above 40
inch with import value or selling price up to Rp 10.000.000,- (ten millions
rupiah) to Rp 15.000.000,- (fifteen millions rupiah) per unit.
§ A colored television with battery
§ Other colored television
Sport accoutrements and sport equipment. Fishing
accoutrements with
import value or selling price Rp
2.500.000,- (two millions and five hundred thousand rupiah) or above per unit
A
bait
A
capstan fishing line
A thermostat for air temperature.
A thermostat, consist
of motorist fan and air temperature element, including a machine that can’t
manage the air temperature, from window type or wall type, with a coolant
capacity above 1PK (one horse power) to 2PK (two horse power) with import
value or selling price up to Rp 8.000.000,- (eight millions rupiah) per unit.
A recorder or picture reproduction, a radio receiver.
A recorder apparatus
or a video reproduction, combine with video tuner or not, with import value
or selling price up to Rp 5.000.000,- (five millions rupiah) per unit.
A
magnetic tape type beside that specially used in cinematography, television,
broadcasting.
Etc
:
§ Laserdisc player
§ etc
A broadcasting
receiver apparatus, combining or not in the same house, with a recorder
apparatus or sound reproduction or timepiece, with import value or selling
price up to Rp 5.000.000,- (five millions rupiah) per unit
A
broadcast radio receiver, can be operate without any outside power source
§ A combination with a recorder
apparatus or sound reproduction
·
Portable
·
Non
portable
§ Etc.
·
Portable
·
Non
portable
A
broadcast radio receiver, using outside power source to operate, from that
apply in motor vehicle, including that can be as a radio receiver and phone
receiver.
§ Combine with a recorder apparatus or
sound reproduction
§ Not combine with a recorder
apparatus or sound reproduction
Other
radio receiver
§ Combine with a recorder apparatus or
sound reproduction :
·
Portable
·
Non
portable
§ Not combine with a recorder
apparatus or sound reproduction but combine with timepiece
·
Portable
·
Non
portable
§ Etc
·
Portable
·
Non
portable
Photography equipment, cinematography equipment and its
accoutrements.
A digital camera and a
video recorder camera, beside that use for a broadcasting business ot
television with import value or selling price up to Rp 10.000.000,- (ten
millions rupiah) per unit.
A
digital camera, a video recorder camera
§ A digital picture camera
§ Other digital camera
Other
video recorder camera
A photography camera
(beside cinematography camera) and digital camera with custom value add with
import duties or selling price Rp 10.000.000,- (ten millions rupiah) per
unit.
Instant
camera
Other
camera :
§ SLR, for film roll with below
<35mm wide
§ Non SLR, for film roll with <35mm
wide
·
For
document record into microfilm, microfiche, or other microform.
·
Etc.
§ Non SLR, for film roll with 35mm
wide
·
For
document record into microfilm, microfiche, or other microform.
·
Etc.
§ Etc
·
An
image setter or potter
·
Etc
¨ For document record into microfilm,
microfiche, or other microform
¨ Etc.
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ex 8418.10.10.10
ex 8418.21.00.10
ex 8418.29.00.10
ex 8419.11.10.00
ex 8419.19.10.00
ex 8450.11.90.00
ex 8450.12.00.20
ex 8450.20.00.00
ex 8516.10.10.00
ex 8516.21.00.00
ex 8516.29.00.00
ex 8528.41.10.00
ex 8528.49.10.00
ex 8528.51.10.00
ex 8528.51.20.00
ex 8528.59.10.00
ex 8528.72.10.00
ex 8528.72.90.00
ex 9507.10.00.00
ex 9507.30.00.00
ex 8415.10.10.00
ex 8521.10.90.00
ex 8521.90.19.00
ex 8521.90.99.00
ex 8527.13.10.00
ex 8527.13.90.00
ex 8527.19.91.00
ex 8527.19.99.00
ex 8527.21.00.00
ex 8527.29.00.00
ex 8527.29.00.00
ex 8527.91.10.00
ex 8527.91.90.00
ex 8527.92.10.00
ex 8527.92.90.00
ex 8527.99.10.00
ex 8527.99.90.00
ex 8525.80.20.11
ex 8525.80.20.19
ex 8525.80.20.20
ex 9006.40.00.00
ex 9006.51.00.00
ex 9006.52.00.10
ex 9006.52.00.90
ex 9006.53.00.10
ex 9006.53.00.90
ex 9006.59.10.00
ex 9006.59.90.10
ex 9006.59.90.90
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Continues....
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