The Government recently issued Government Regulation Number 12 Year 2023 (“GR-12/2023”) to grant business licenses, increase the ease of doing business, and create investment facilities for enterprises in the new Capital City of Nusantara (" IKN").
In GR-12/2023, the Government has offered a tax holiday and various tax facilities for investors to help spur investment in IKN and its supporting areas (“Partner Areas”). Please check our notable points and key takeaways in this tax news flash.
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