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Indonesia’s Investment Board to Decide Tax Incentive Eligibility

Nov. 19, 2019, 2:59 AM

President Joko Widodo has agreed to transfer the rights to decide tax incentive eligibility to Investment Coordinating Board, or BKPM, according to a senior official.

  • Currently decision made by the Finance Ministry or Coordinating Ministry for Economic Affairs based on a list proposed by BKPM, says the board’s Chairman Bahlil Lahadalia
  • Policy meant to boost ease of doing business and attract more investment into the country
  • “BKPM will decide whether an investor is eligible for tax holiday or tax allowance,” Lahadalia tells reporters on late Monday
  • BKPM is optimistic to reach 2019 investment target of 792t rupiah and is aiming...
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