JAKARTA (The Jakarta Post/ANN): Online shoppers, prepare. The government is set to implement a new import regulation that will lower the maximum value of tax-free imported goods at the end of this month.
Finance Ministerial Regulation No.199/2019 sets the maximum value of non-taxable imported goods at US$3 per shipment, far lower than the current US$75.The new regulation will take effect on Jan 30.
“This is to create a level playing field between domestic products, which mostly come from small and medium industries, and imported products, ” Directorate General of Customs and Excise international and inter-institutional customs director Syarif Hidayat said in a written statement on Tuesday . Syarif called on importers and courier services to comply with the rules by refraining from splitting shipments of goods or under-invoicing imported goods.
“There’s indeed very tight competition that gets worse with the fact that most of the imported goods coming into the country are not subject to import duties, ” he said in December as reported by Kontan.
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