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Indonesia to gradually cut its corporate tax rate to below 18%

Move is meant to discourage firms from booking profits in lower-tax countries such as S'pore: President Joko's aide
Tuesday, May 12, 2015 - 05:50

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Jakarta

INDONESIA will gradually cut its corporate tax rate to discourage companies from booking profits in lower-tax countries such as Singapore, President Joko Widodo's top aide said.

The government will cut the rate from 25 per cent currently to "maybe 17.8 or 17.5 per cent",

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