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Recent Development

The Government of Indonesia has been consistently trying to improve the economy by promoting local and foreign investment in Indonesia. As part of that effort, the Government provided corporate income tax reduction facilities to investors though the issuance of Minister of Finance Regulation No. 159/PMK.010/2015 as lastly amended by Minister of Finance Regulation No. 103/PMK.010/2016.

So far, unfortunately, the Government has not seen the desired result from the provision of the corporate income tax reduction facilities. Therefore, to further attract potential investors, the Minister of Finance recently issued Minister of Finance Regulation No. 35/PMK.010/2018 on Corporate Income Tax Reduction Facility ("MoF Regulation 35"), which came into force on 4 April 2018. This regulation is the basis for the Government to grant more attractive corporate income tax reduction facilities for taxpayers in certain industries.

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