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INDUSTRY

Large Corporations Benefit from Import Tax Increase

The rise in the import tax on goods, especially consumer goods, is momentum for companies to reclaim the domestic market from the import invasion.

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| 123rf.com | Ratchanida Thippayos

The government policy to halt the pace of imports by raising the tax (PPh) rate on 1,090 imported consumer goods will open up opportunities for local producers to retake the domestic market.

This will start with ceramics producer PT Arwana Citra Mulia Tbk, tire manufacturers PT Gajah Tunggal Tbk and PT Multistrada Arah Sarana Tbk, PT Unilever Indonesia Tbk and PT Kino Indonesia Tbk (soap and cosmetics), PT Sri Rejeki Isman Textile Tbk (textile and garments) and PT Astra International Tbk (automotive).

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