300 Industry Sectors Will Get A Tax Relief
By : Ahmad Fadli And Aldi Firhand. A | Friday, June 22 2018 - 22:44 IWST

Minister of Industry Airlangga Hartanto (Center)
INDUSTRY.co.id - Jakarta - A total of 300 industries will receive a tax or tax allowance facility. The industries that will enjoy the tax allowance are export-oriented and labor-intensive.
The expansion will be set forth in the revision of Government Regulation No. 9 of 2016 on Income Tax Facilities for Investment in Certain Business Fields and / or In Specific Areas.
"So, there will be more than 300 sectors," said Deputy for Economic Coordination of Macro and Finance Coordinating Minister for Economic Affairs Iskandar Simorangkir in his press statement to media crew on Thursday (21/6/2018).
Iskandar said that in addition to expanding the recipient sector of tax allowance, the government also plans to provide mini tax holiday facilities, mini tax holiday for industries with venture capital below Rp500 billion. With the incentive that entrepreneurs can get a tax rebate up to 50 percent.
Iskandar said the expansion of the tax allowance and tax holiday sectors was done to boost investment.
Understandably, despite being encouraged with a number of economic policy packages and incentives, investment into Indonesia until now still not as expected.
Note Office of the Coordinating Minister for Economic Affairs, although the flow of world investment funds per year reached US $ 1.47 trillion, but the only absorbed by Indonesia only 1.97 percent.
Yet at the same time, Indonesia's investment has also received positive sentiment from investment worthy ratings from a number of world rating agencies.
Read Also
President Jokowi, Norwegian PM Discuss Investment Cooperation
President Jokowi, President MBZ Discuss Enhancement of Indonesia-UAE…
Good News from Minister of Industry! Indonesia's Manufacturing PMI…
Socialization of the Results of Services Trade Negotiations
Indonesian Trade Minister Attends Indonesia-US Business Forum
Today's Industry

Senin, 04 Desember 2023 - 20:48 WIB
President Jokowi Attends WCAS COP28 in Dubai
President Joko “Jokowi” Widodo attended the World Climate Action Summit (WCAS) COP28 that was held at Expo City Dubai, Dubai, United Arab Emirates (UAE) on Friday (12/1). Arriving at around…

Senin, 04 Desember 2023 - 20:32 WIB
President Jokowi, UN Secretary General Discuss Climate Action, Gaza Situation
President Joko “Jokowi” Widodo Saturday (12/02) reaffirmed Indonesia’s commitment to continuously support the United Nations (UN) in carrying out its functions and roles amid increasingly…

Senin, 04 Desember 2023 - 20:28 WIB
President Jokowi Unveils Indonesia’s Steps to Reach Net Carbon Sink in Forestry, Land Sectors
Indonesia is taking systematic and innovative steps in achieving a net carbon sink or net carbon absorption in the forestry and land sectors by 2030, President Joko “Jokowi” Widodo has said.…

Senin, 04 Desember 2023 - 20:04 WIB
COP28: President Jokowi Calls for Concrete Action in Tackling Climate Change
President Joko “Jokowi” Widodo on Saturday (12/02) attended the G77 and the People’s Republic of China (PRC) Summit as part of World Climate Action Summit (WCAS) COP28 in Dubai, United…

Senin, 04 Desember 2023 - 19:54 WIB
Conference to be held in Maritime Silk Road hub Wenzhou to promote peer city exchanges
Wenzhou, China - As a move to mark the tenth anniversary of the Belt and Road Initiative (BRI) this year, the 2023 Mayors Exchange Conference on Maritime Silk Road City Influence will be held…
News Comment