THEJAKARTAPOST.COM | 29 JUNI 2015
The government is to offer corporate tax discounts in a revised tax holiday regulation, aiming to attract more investors and boost economic growth.
Finance Minister Bambang Brodjonegoro said he expected that the government’s tax holiday regulation – which gives tax breaks for five to 10 years for companies investing at least Rp 1 trillion in certain sectors – would be revised in July.
The revised tax holiday regulation would allow corporate tax discounts from 20 to 100 percent, as well as extending the length of the breaks and discounts to 15 – 20 years from 5 – 10 years previously, the minister said.
The sectors included in the policy would also be broadened, but the minimum investment required would remain Rp 1 trillion, added Bambang, who is responsible for the finance minister regulation on the matter.
