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Stable cigarette industry but decline in production

Cigarette production in 2020 had declined by 11 percent after the government raised the excise rate on tobacco products by 23 percent. Cigarette production is estimated to decline by 3.3 percent in...

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Foreign partners in Indonesia having lucrative tax dividends

The Indonesian government has set a tax of 7.5 percent on dividends received by foreign partners of the Indonesia Investment Authority (INA) under Article 26 of the Income Tax Law.The 7.5-percent t...

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