Central Government Assess Tax Incentives for Deposits of Capital Below Rp500 Billion

INDUSTRY.co.id - Jakarta, the Government is reviewing tax incentives for investors with a capital deposit below Rp 500 billion. Previously, incentives such as tax holiday were only given to big businessmen.

"We are preparing for the medium and small," said Head of BKPM Thomas Trikasih Lembong at the Coordinating Ministry for Economic Affairs, Jakarta (23/4/2018).

According to him, there are several forms of incentives being studied for small and medium industries. Among them are the provision of tax holiday, tax allowance, to super tax deduction.

"But we make sure all incentives are in compliance with the applicable Law," Tom rich.

Thomas also said, in addition to tax relief, small and medium industries also require other incentives such as training to improve the ability of workers.

According to him, the budget for the training of these workers could be included in the tax deduction component.

"If the Minister of Industry discourses (deductions) 200 super tax deduction," said Thomas.

Previously, the tax holiday or tax holiday has actually been issued in the Minister of Finance Regulation (PMK) Number 35 of 2018. In the regulation, the incentive application procedure is simplified from nine, to two steps only. However, only 150 out of 15 thousand businesses are eligible for it.