Thursday, January 22, 2009

Breaking News-(BN) Indonesia May Waive Tax on Biofuel Sales, Workers Salaries

Jan. 21 (Bloomberg) -- The Indonesian government may waive value-added tax on sales of vegetable-derived fuels to help demand for palm oil.
The government plans to exempt sales of vegetable-derived oils used as a mix in fuels sold to companies from the tax, Bayu Krisnamurthi, a deputy for Coordinating Minister for Economic Affairs Sri Mulyani Indrawati, told reporters in Jakarta today.