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Posts Tagged ‘Indonesian Government’

Indonesian Government had decided to seek the most appropriate pattern of related value added tax (VAT) of white crystal sugar farmers. Before any policy related to the mechanism of the imposition of VAT sugar farmers, 10 percent VAT policy still refers to the year 2009.
The pattern for VAT sugar still refers to the year 2009.
- Krisnamurthi

That was revealed by Deputy Minister of Agriculture Krisnamurthi, Friday (5/7/2010) in Jakarta. “The pattern for VAT sugar still refers to the year 2009, meaning there is no imposition of VAT only for sugar farmers,” he said.

The issue of VAT imposition of sugar farmers started to warm up some time ago. Discourse had developed that the imposition of VAT sugar farmers will be included in the cost of a buffer policy (HPP), so farmers are not burdened with VAT. But until yesterday the government has not set it.

Year 2009 production of white sugar crystals in a country of about 2.5 million tons. Most of the sugar farmers. Indonesian Sugar Council (DGI) has also submitted the magnitude of Production Cost (BPP) of sugar to the Ministry of Commerce of USD 6250 per kilogram. Kementan requested that Secretary of Commerce establish HPP sugar before 25 May. HPP quantities of sugar by the DGI ideally CPP plus 10 percent, as profit margins. (kompas)

Australian Shares Tumbled 2.02 Percent

In trading on Friday (07/05/2010), the Australian Stock Exchange index fell 2.02 percent, amid fears the crisis will spread to parts of the Greek world. Panic in the U.S. stock market, with the Dow Jones index plummeted 9 per cent even had time to recover, also influence the decision of Australian investors.

Conditions in Europe, has affected the markets then even worse, said Ben Potter, analyst at IG Markets, Friday. In the end, we’ll talk about the deteriorating condition of the country, not just the company, complained Potter.

Australian investors are also affected by the statement of Prime Minister Kevin Rudd. I do not intend to give warning of this condition (market decline). But, we are following the developments closely, he said. Australia’s market value has fallen 6.8 percent, in the past week.

Besides being a Greek influence, the stock market Australia first mining stocks hit by commodity price declines, and the Australian government plans to implement 40 per cent tax to mining companies who reap super profits.