JAKARTA, Cobisnis.com – The increase in tobacco product excise (CHT) rates, which on average increased by around 10%, has been implemented by the government through Minister of Finance Regulation (PMK) No 191/2022. In addition, in the policy, there is an increase in excise rates on other tobacco processing products, including e-cigarettes, by 15% in 2024. According to Chairman of the Indonesian White Cigarette Association (Gaprindo) Benny Wachyudi, the increase in cigarette excise has the potential to reduce sales this year. The reason is, people who are facing economic difficulties will cut cigarette spending, especially because of the recent increase in prices of basic necessities. Benny p... [Read more]