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Lippo Malls Indonesia Retail Trust | Under review Fair value: S$0.405 April 12 close: S$0.365 OCBC Investment Research, April 12

Lippo Malls Indonesia Retail Trust (LMIRT) announced on Wednesday that Indonesia has passed new tax regulations on income received/earned from land and building leases in the country.

In particular, such income will be subject to a 10 per cent tax on the value of the amount collected by tenants, including service charges and utility coverage charges. The new regulation is effective Jan 2, 2018.