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12 investors granted tax holiday since April
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Building of the Directorate General of Taxation in Jakarta (kontan.co.id/File)
T
he government has granted tax holidays to 12 companies with total investment of Rp 210.8 trillion (US$14.45 billion) since it issued the revised Finance Ministery Regulation No. 35/2018 in April.
The head of the Finance Ministry’s income tax (PPh) collection and deduction division, Sulistyo Wibodo, said in Jakarta on Monday that that those figures were based on a calculation done before issuance of the 16th economic policy package in November, which also deregulated tax holiday rules.
“The tax holiday facility has been issued to 12 applicants,” Sulistyo said in Bogor, West Java, on Tuesday, as reported by kompas.com.
Four of the 12 companies are invested in electricity infrastructure, one in the chemical industry and seven in the steel industry, he said, adding that their new investment was projected to create 10,587 jobs.
The investment locations include Serang in Banten, Konawe in Southeast Sulawesi, South Tapanuli in North Sumatra, East Halmahera in North Maluku, Jepara in Central Java, Bengkulu, Bombana in Southeast Sulawesi and Cilegon in Banten.
The investors come from Indonesia as well as from China, Malaysia, Singapore, Japan and the Netherlands.
“Nearly all the investment is for new [projects],” Sulistyo added. (bbn)
