12 April 2018

Indonesia releases new regulations on tax holidays

Indonesia's Minister of Finance (MOF) signed MOF Regulation No. 35/PMK.010/2018 (PMK-35) on March 29, providing new regulations on tax holidays, as an incentive to conduct business in Indonesia. The regulations are effective as of April 4, and are intended to be more attractive than previous regulations. Corporate taxpayers making new capital investments in "pioneer industries" can apply for the incentives.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-0787