Indonesia

Indonesia

Introduces tax holiday for major direct investors

15 Aug 2011

Minister of Finance Agus D.W. Martowardojo has issued a regulation concerning a tax holiday. The Minister of Finance conveyed that industries that will obtain tax holiday facility are basic metal industries, industries involved in petroleum refining or organic basic chemicals derived from petroleum and natural gas, machinery industries, industries in the field of renewable resources as well as the telecommunications equipment industry. Investors with investments amounting to 1 trillion and meeting the criteria established as an industry pioneer will be assessed for the possibility to obtain the tax holiday.

Type:
  • Promotion and facilitation (Investment incentives)
Industry:
  • Manufacturing (Manufacture of coke and refined petroleum products, Manufacture of chemicals and chemical products, Manufacture of basic metals, Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c.)
  • Services (Water supply, sewerage, waste management and remediation activities)
Inward FDI:
No
Outward FDI:
No
Sources: