You are here

Indonesia government to expand corporate tax discounts

BRODJONEGORO150629.jpg
Indonesia's government plans to offer corporate tax discounts under a revised tax holiday regulation to attract investors and boost economic growth, the Jakarta Post reported on Monday, citing Finance Minister Bambang Brodjonegoro (pictured).

[JAKARTA] Indonesia's government plans to offer corporate tax discounts under a revised tax holiday regulation to attract investors and boost economic growth, the Jakarta Post reported on Monday, citing Finance Minister Bambang Brodjonegoro.

The government would offer discounts ranging from 20 per cent to 100 per cent, with the change coming as early as July, the newspaper cited Brodjonegoro as saying in a recent interview.

The government currently offers tax breaks over 5-10 years to companies investing at least 1 trillion rupiah (S$101 million) in certain sectors, but plans to extend the length to 15 to 20 years, Brodjonegoro said, according to the Jakarta Post.

The sectors included in the policy would also be broadened, but the minimum investment required would remain 1 trillion rupiah, the newspaper reported.

sentifi.com

Market voices on:

Growth at South-east Asia's biggest economy has fallen to the weakest in around six years, hit by a drop in commodity prices and faltering consumption.

REUTERS

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom