Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Hi-Yo Silver!
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Bali Update
Subscribe to our free weekly newsletter!
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

Hi-Yo Silver!

Elimination of 10% V.A.T. on Silver May Prove to be a Boost for Bali's Jewelry Makers.

Bali News: Bali, Silver, Handicrafts, Gianyar, Celuk, Singapdu
Click Image to Enlarge


The government is preparing to remove the value-added-tax (VAT) of 10% on silver as a means of helping to stimulate small and medium-sized handicraft producers.

The planned tax reduction was discussed in a meeting between silver craftsmen in the Gianyar regency and a representative of the Department of Trade and Industry, Leonard Siahaan. From the Directorate General of Small and Medium Sized Industries, Siahaan confirmed that the government is in the process of finalizing the tax exemption. "Hopefully, it will soon be ready so the tax savings can be quickly put in place," said Siahaan.

The tax relief is targeted to be in place by April 14, 2010, after which Bali's large silver-working handicraft sector will enjoy a 10% reduction in their basic production costs.

Bali's silver working industry is centered in the regency of Gianyar in the Sukawati communities of Singapadu and Celuk. According to data from the local department of trade and industry, there are 1,002 silver works in Gianyar employing 4,038 workers. The Ginayar regency generates 60-80% of Bali's exports.

On a recent tour of Gianyar handicraft producers, the Minister of Trade and Industry, M.S. Hidayat was impressed by the evident skills of the Balinese craftsmen, causing him to remark during a stop at a wood carving workshop, "if the skill of these carvers is combined with quality materials, such an industry can never die."

Hidayat promised to intensify the promotion of Bali's handicraft products in a number of overseas markets.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!

Our [Privacy Statement] explains how we handle the data you are providing.

Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!

or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Infrastructure First: Seaports and Airport
Transportation Minister Says Baliís Airports, Seaports, and Passenger Terminals Must be Enhanced to Support Growing Passenger Numbers
Another Renovation for Baliís Airport?
Minister of Transportation Wants Carrying Capacity of Baliís Airport Increased to 35 Million Passengers per Year
Move Underway to Trump Chinese Tourists
DPR-RI Vice Chairman Seeks Repeal of Wide-Ranging Visa Free Status for Indonesian Visitors
Departure, No Return
Garuda Accused of Incorrect Procedures in Death of Passenger Flying from Jakarta to Melbourne
Infrastructure First!
New Hotel Projects Set for Nusa Penida in Dire Need of Water and Electricity Support
Bali Welcomes 3 Millionth Visitor
Bali by the Numbers: BPS Says 43.3% More Foreign Visitors to Bali in August 2016, Passing the Year to Date Mark of 3 Million
In Need of a Designated Driver
European Couple Die in Motorcycle Mishap After a Night of Partying on Pererenan Beach in Bali
Bad Smells from the Kitchens?
Drainage Ditch at Bali Airport Filled with Foul-Smelling Pollution Suspected to Come for Airline Catering Building
Cherishing the Children
St. Regis Resort Bali and Laguna Resort & Spa Raises More than $20,000 for UNICEF at Lavish Beachside Moonlight Dinner
Itís a Bali Holiday
Official National Holidays and Shared Holidays in Indonesia for 2017
Me and My Guitar
West Bali Police Send Home 18 Punkers on a Personal Sojourn in Bali
Passport to a Clean Bureaucracy
Indonesian Immigration Service Joins the Anti-Corruption Campaign
All [News]!