Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
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 balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

SITE PATA ASITA
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

(3/29/2010)

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 http://www.balidiscovery.com.

       

 
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
Have You Seen This Man?
Police in Bali Searching for American Who has Escaped Baliís Kerobokan Prison
(12/10/2017)
Dear Mr. President
PHRI-Bali Writes to President Joko Widodo Seeking Urgent Assistance to Bali Tourism
(12/10/2017)
Christmas at the Bali Safari & Marine Park
Special Offer from Bali Safari and Marine Park Through January 3, 2017 for the Domestic Market
(12/11/2017)
Your Better Not Shout! You Better Not Cry!
Bali Collection Holds Santa Fun Run at Nusa Dua Sunday, December 17, 2017
(12/10/2017)
Mate, What Volcano?
Garuda Indonesia Says Demand for Bali as a Holiday Destination ex Australia Remains Strong Despite Mt. Agungís Recent Volcanic Activity
(12/10/2017)
Keep Calm. Itís Only a Volcano
Editorial: Bali and the World Needs a New Way of Thinking About Volcanoes
(12/12/2017)
Painted Men and Boys
Young Men from Tegallalang, Bali Paint their Bodies to Ward Off Both Personal and Public Demons in Ngerebeg Procession
(12/10/2017)
Fake News on a Local Level
PHRI Karangasem Chairman Claims of Closed Hotels Strongly Refuted and Rejected by Alila and Amankila Hotels
(12/10/2017)
Counting the Damages
Officials Calculate the Cost of Tourism Losses from 2.5-day Closure of Baliís Airport
(12/10/2017)
No More Traffic Jams in Ubud
A Very Quiet Ubud Awaits the Return of Tourists
(12/10/2017)
Let there Be Light!
ITDC Hosts Nusa Dua Light Festival December 5-24, 2017
(12/10/2017)
The Road Less Traveled
Bali Toll Road Traffic Volume Down 25% Due to Lower Visitor Totals
(12/10/2017)
All [News]!