Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Jokowi Frees Income Tax for Those Investing Rp10bn in New Capital Project

9 March 2023 13:16 WIB

TEMPO.CO, JakartaIndonesian President Joko "Jokowi" Widodo scraps mandatory income tax for domestic entrepreneurs who invest in the new capital city or IKN project in the infrastructure and public services sector worth Rp10 billion. This rule is contained in Government Regulation No. 12 of 2023 concerning licensing, ease of business, and investment facilities for businesses in IKN dated March 6, 2023.

“Reduction of corporate income tax as referred to in Article 28 paragraph (1) amounts to 100 percent of the corporate’s income tax owed,” as quoted from Article 29 paragraph 1 in a copy of the PP that Tempo received, on Thursday, March 9.

In the regulation, this tax-free program will be applied to entrepreneurs whose investment has a strategic value to accelerate the new capital city project development which includes infrastructure and public services, economic recovery, and other business fields.

The infrastructure and public services stipulated in the PP include toll roads, airports, health facilities, people's markets, and public transportation, while those related to economic recovery are the construction of shopping malls, star hotels, MICE (meetings, incentives, conventions, and exhibitions), and gas stations.

For the infrastructure sector, the tax exemption will be given for 30 years for investment in 2023-2030, 25 years for investment in 2033-2035, and 20 years for investment in 2036-2045.

For the economic sector, tax exemption is given for 20 years for investment in 2023-2030, 15 years for investment in 2033-2035, and 10 years for investment in 2036-2045.

President Jokowi also provides tax relief for investors in the agricultural cultivation and/or urban fisheries sector, in added value industry and/or industrial engineering, construction service, and real estate services up to 50 percent within a period of 10 years.

M JULNIS FIRMANSYAH

Editor's Choice: New Capital Authority Able to Impose Special Tax, Says Finance Ministry

Click here to get the latest news updates from Tempo on Google News



Jokowi Gathers Ministers to Discuss Kratom Plants That Contain Narcotics

4 jam lalu

Jokowi Gathers Ministers to Discuss Kratom Plants That Contain Narcotics

President Joko Widodo or Jokowi gathered cabinet ministers at the Presidential Palace in Jakarta on Thursday, June 20 to discuss Kratom plants.


Jokowi Denies Plan of Online Gambling Social Assistance

22 jam lalu

Jokowi Denies Plan of Online Gambling Social Assistance

President Jokowi stresses that the government will not hand out social assistance to online gambling players.


Jakarta Scraps Tax Exemption for Property Below Rp2bn Due to Capital Relocation: Observer

1 hari lalu

Jakarta Scraps Tax Exemption for Property Below Rp2bn Due to Capital Relocation: Observer

Public policy observer Trubus Rahadiansah commented on the latest policy of the Jakarta Government on the urban and rural land and building tax (PBB).


Prabowo-Gibran Govt's Debt Burden Estimated at Rp1,300tn per Year: IDEAS

1 hari lalu

Prabowo-Gibran Govt's Debt Burden Estimated at Rp1,300tn per Year: IDEAS

The incoming Prabowo-Gibran administration is expected to face a serious debt burden, according to an economist from IDEAS.


IKN Toll Road Ready for Indonesia's 79th Independence Day Ceremony, Says PUPR Minister

2 hari lalu

IKN Toll Road Ready for Indonesia's 79th Independence Day Ceremony, Says PUPR Minister

Joko Widodo said the ceremony for Indonesia's 79th Independence Day will be held both in IKN and Jakarta.


Political Cartel in Jakarta Election

2 hari lalu

Political Cartel in Jakarta Election

President Jokowi is plotting for his youngest son to run for the deputy governor of Jakarta. This is a repeat of the presidential election.


Government Ministers Requests for Additional Budget for 2025

3 hari lalu

Government Ministers Requests for Additional Budget for 2025

Several Ministries have requested for a larger budget in relation to the move to the new capital city Nusantara (IKN)


Indonesia's 79th Independence Day to Mark Transition to Welcome the New Capital: OIKN

3 hari lalu

Indonesia's 79th Independence Day to Mark Transition to Welcome the New Capital: OIKN

This year, Indonesia's Independence Day ceremony will take place in both New Capital Nusantara and the current national capital Jakarta.


President Jokowi Returns to Hometown Ahead of Eid al-Adha

4 hari lalu

President Jokowi Returns to Hometown Ahead of Eid al-Adha

President Joko Widodo (Jokowi) traveled to his hometown Solo in Central Java province ahead of the 2024 Eid al-Adha celebration.


Today's Top 3 News: TNI Commander: 2 Hospitals in Indonesia Ready to Accommodate 1,000 Palestinians

4 hari lalu

Today's Top 3 News: TNI Commander: 2 Hospitals in Indonesia Ready to Accommodate 1,000 Palestinians

Here is the list of the top 3 news on Tempo English today.