TEMPO.CO, Jakarta - President Joko "Jokowi" Widodo said the draft of omnibus law on taxation and employment will be handed over to the House of Representatives (DPR) next month.
“[We will submit] the draft on taxation in December and on employment in January 2020,” said the President during his opening speech at Kompas100 CEO Forum at Grand Ballroom of Ritz-Carlton Hotel, Kuningan, Jakarta, Thursday, November 28.
According to him, the government planned to merge dozens of regulations into one policy in a bid to improve the investment climate. He mentioned that investment in Indonesia has grown for the past five years, albeit many obstacles in the regulations.
The hindrance, the former Jakarta governor added, was attributable to multiple regulations in the country, both in the central and regional administration. “This issue is not easy to be solved as it involves many policies.”
Jokowi believed that the omnibus law will ease the investment. “But that depends on the DPR’s approval. If it is accepted, I believe there will be major changes from our regulations.”
Previously, Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan said the impact of the omnibus law could likely be felt in February next year.
As for the legislation process, Luhut said the government was still cooperating with the parliament and claimed to have gained 70 percent support from the members.
AHMAD FAIZ IBNU SANI