Income tax benefits for new investments
Income tax benefits for new investments
Expanded business sectors and regions now providing tax benefits for new investments.
Last month, the Government issued a new regulation No. 78 Year 2019 regarding Income tax benefits for new investments. While the qualifications and benefits largely remain the same with the previous regulation No. 18 Year 2015, the list of business sectors and special regions has expanded, thus inviting more investors to start their business in Indonesia.
© 2023 Siddharta Widjaja & Rekan – Registered Public Accountants, an Indonesian partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.
They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.