What is the import duty in Indonesia?

What is the import tax in Indonesia?

Furthermore, all taxable goods for import into Indonesia have a 7.5% import duty and a 10% value-added tax.

How is import cost calculated in Indonesia?

If you want to import goods that are worth more than USD 75, but less than USD 1,500, the import charges are the following:

  1. Import Duty 7.5% (flat rate on all products)
  2. Value-Added Tax 10%
  3. Income Tax (10% if you have an Indonesian Tax ID, 20% if you don’t have an Indonesian Tax ID)

What is Indonesia tariff rate?

Indonesia’s average MFN applied tariff rate was 8.6 percent for agricultural products and 8.0 percent for non-agricultural products in 2018 (latest data available). Indonesia has bound 96.3 percent of its tariff lines in the World Trade Organization (WTO), with a simple average WTO bound tariff rate of 37.1 percent.

How is customs tax calculated?

Import duty = Customs value × Import duty rate Customs value = C+ I + F which is cost, insurance and freight.

How can I import to Indonesia?

Businesses importing into Indonesia must provide the following documents:

  1. Commercial invoice, signed by the manufacturer or supplier as true and correct;
  2. Bill of lading, in three endorsed originals and four non-negotiable copies;
  3. Certificate of insurance;
  4. Packing list;
  5. NIB/import permit; and.
  6. Customs import declaration.
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How much is customs clearance?

Most small agents will charge you around Rs. 4000-5000 for a small consignment clearing service,which is only thier agency charges as for all the actual charges that have to be paid to the customs department will be in excess of about 5000 onwards.

How do you calculate import?

GDP = C + I + G + X – M

  1. C = Consumer expenditure.
  2. I = Investment expenditure.
  3. G = Government expenditure.
  4. X = Total exports.
  5. M = Total imports.

What Indonesia exports the most?

Searchable List of Indonesia’s Most Valuable Export Products

Rank Indonesia’s Export Product Change
1 Palm oil +18%
2 Coal, solid fuels made from coal -23.3%
3 Gold (unwrought) +56%
4 Petroleum gases -34%

What is atiga?

ASEAN Trade in Goods Agreement (ATIGA) aims to achieve free flow of goods in the region resulting to less trade barriers and deeper economic linkages among Member States, lower business costs, increased trade, and a larger market and economies of scale for businesses.

What do I need to declare at Indonesia customs?

Indonesia customs

Tobacco products (no limitations for diplomats): 50 cigars or 200 cigarettes or 100 grammes of tobacco; 1 litre of liquor; A reasonable quantity of perfume; Personal goods up to a value of USD 250.

What trade agreements does Indonesia have?

Indonesia has signed bilateral free trade agreements (FTAs) with Australia, Chile, Mozambique, as well as with Iceland, Liechtenstein, Norway, and Switzerland under the European Free Trade Association, but as of the end of 2019, none of these FTAs are yet in force except with Chile.

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