Batam to scrap taxes on luxury items in free-trade zones

The Jakarta Post, Jakarta

Four cl..." /> Batam to scrap taxes on luxury items in free-trade zones

The Jakarta Post, Jakarta

Four cl...">
Batam to scrap taxes on luxury items in free-trade zones

The Jakarta Post, Jakarta

Four classes of luxury goods -- automobiles, electronics, tobacco and alcohol -- sold on three free-trade islands of Batam, Bintan, and Karimun regions will be tax exempt at the start of the new year, a minister said Thursday.

Batam, Bintan and Karimun islands were declared free-trade zones earlier this year.

Trade Minister Mari Elka Pangestu said the implementing regulations establishing the free trade zones would comes into force beginning next year, which was the basis for exempting the luxury goods from both value-added and luxury levies.
<span style="font-size: 14pt"><span style="font-weight: bold">Batam to scrap taxes on luxury items in free-trade zones</span></span><br /> <br /> The Jakarta Post, Jakarta <br /> <br /> Four classes of luxury goods -- automobiles, electronics, tobacco and alcohol -- sold on three free-trade islands of Batam, Bintan, and Karimun regions will be tax exempt at the start of the new year, a minister said Thursday.<br /> <br /> Batam, Bintan and Karimun islands were declared free-trade zones earlier this year.<br /> <br /> Trade Minister Mari Elka Pangestu said the implementing regulations establishing the free trade zones would comes into force beginning next year, which was the basis for exempting the luxury goods from both value-added and luxury levies.
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Can anyone smell a new way to smuggle in items........
Can anyone smell a new way to smuggle in items........
This is one of those "Half full, Half empt..shit I just spilled the glass in my lap" observations, isn't it?

The only Faith that people really have to lose, is faith in themselves...........
Aiming for the Singaporean market no doubt!
Aiming for the Singaporean market no doubt!
Menace to Sobriety

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