The Minister of Finance (“Minister”) has issued Ministerial Regulation No. 174/PMK.03/2015 on Procedures for Calculating and Collecting Valued-Added Tax for Tobacco Products (“2015 Regulation”). The 2015 Regulation aims to boost revenues derived from the tobacco industry through the imposition of higher value-added-tax tariffs (“VAT”).
New VAT Tariff Levied on Tobacco Products
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