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Indonesia to Revise Tax Holiday Rule for Special Economic Zones

Oct. 10, 2019, 8:50 AM

The Indonesian government will soon issue revised rule on tax holiday for special economic zones to attract more investment, according to Coordinating Economic Affairs Minister Darmin Nasution.

  • The new tax holiday schemes will be determined on investment amount and period:
    • Five years for a 100 billion-500 billion rupiah ($7 million-$35 million) investment
    • Seven years for a 500 billion-2.5 trillion rupiah
    • 10 years for a 2.5 trillion-7.5 trillion rupiah
    • 15 years for a 7.5 trillion-20 trillion rupiah
    • 20 years for more than 20 trillion rupiah
  • The government will also offer a mini tax holiday:
    • A 50% tax cut for five years...
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