KBRN, Jakarta: The Finance Ministry prepared five steps to ease the burden on business actors following the US imposition of a 32 percent reciprocal tariff to Indonesia.

According to Finance Minister Sri Mulyani, this system improvement will reduce the equivalent rate by 2 percent. “So, if the business world will be subject to 32 percent, this can be with various reforms 2 percent lower,” said Minister Sri Mulyani on Tuesday, April 8, 2025, as quoted by rri.co.id.

The five steps include, first, improving the tax and customs administration system. This involves tax audits, tax refunds, and the licensing and supervision of exports and imports, among other things.

Second, tax policy will utilize import income tax rates as an instrument. This will involve adjusting tariffs for specific products, such as electronics, cellular phones, and laptops, by reducing the rate from 2.5 percent to 0.5 percent.

Third, there will be an adjustment to the import duty rates for all United States Most Favored Nation (MFN) products. Examples of these products include steel, medical devices, mining products, and steel derivative products.

This tariff adjustment will reduce the burden by 5 percent, down from the previous 10 percent.

Fourth, the adjustment of Crude Palm Oil (CPO) export duty tariffs will be reduced by 5 percent, from a varied range of 0-25 percent.

Fifth, the government is also accelerating the issuance of trade remedy policies, such as anti-dumping duties (BMAD), countervailing duties, and safeguards, reducing the processing time from 30 to 15 days.

The overall relaxation implies that this government policy will reduce the burden on entrepreneurs by 14 percent. “We will do this together with other ministries/institutions,” she said.

Minister Sri Mulyani said that her ministry will continue to reform, especially in the field of Customs and Excise taxes and procedures.

“This really reduces the burden in accordance with the emphasis of the President. This is also the right time for more ambitious regulations and reforms," she concluded. ***