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)
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.

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