ANNOUNCEMENT 06 Oct 2015In October 2015, the government of Indonesia announced a targeted tax change.
NUMBER OF INTERVENTIONS
Secondary Source (in English)
On 6 October 2015, the chief of Indonesia's Investment Coordinating Board (henceforth: BKPM) announced a new regulation cutting the time companies have to wait to obtain tax holidays and tax allowances. For the first, the waiting time has been cut from 125 days to just 45, while for the latter from 28 days to 25.
The new BKPM regulation was announced with the second reform package a week ealier (cf. Related Measures).
The regulation was not yet available on BKPM's website. According to media reports, the following industries will be primarily affected by the new processing times:
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.