Food and Beverage Industry's New Cost: Sweetener Excise
The government and the House of Representatives Budget Agency agreed to impose an excise duty on sweetened drinks in the 2023 State Budget Bill (RAPBN). With the new levy, the government targets Rp 245.4 trillion in state revenues from the excise.
Finance Minister Sri Mulyani said excise tax will be adjusted to economic conditions in 2023. "In deciding various matters, we will look at the economic recovery momentum, especially for households," Sri Mulyani said on Tuesday. The government will seek a balance between the plan and choose the most reasonable policy instrument. Excise on sweeteners, she said, considers health and environmental aspects.