News

Indonesian export tax on hides now ‘urgently required’

19/03/2001

In a bid to help to the country’s ailing tanning sector, the Indonesian Minister of Industry and Trade, Luhut Panjaitan, has called on the government to reintroduce the country’s export tax on raw leather.

In an open letter of recommendation to the minister of finance, Prijadi Praptosuhardjo, Panjaitan stated that a tax in the region of 20% to 30% was now urgently required, as most of the country’s supplies of hides were disappearing overseas, where higher prices are paid. "Without the protection, it will be difficult to develop the tanning industry," said the minister.

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