Indonesia's Finance Minister Sri Mulyani Indrawati (L) and Co-Chair of the Bill and Melinda Gates Foundation Melinda Gates attend a seminar at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 11, 2018. REUTERS/Johannes P. Christo
TEMPO.CO, Jakarta - The Finance Ministry is preparing several incentives to improve market penetration and attract investments.
Finance Minister Sri Mulyani Indrawati said that the ministry is reviewing a number of adjustment to several tax instruments—focusing on the financial sector and investments.
"This will not only create 'level of playing field' but also deepen the market penetration to place funds here," she said on Thursday oct. 18, adding that the new instruments are expected to create fairness and economic resilience.
Among the incentives are those that will boost equity-based financing. The government is also evaluating several tax regulations from the property sector, the bonds issuance segment, as well as tax holidays for industries with less than Rp500bn investments.
