TEMPO.CO, Jakarta - Coordinating Economic Minister Darmin Nasution announced today the government's latest 16th economic policy package that will comprise three key points.
“Firstly, expanding facilities meant to reduce corporate income tax or expanding tax holiday grants,” he said at the presidential office today.
Darmin explained this regulation was an improvement to the Finance Ministry’s Decree No. 35/2018 that still lacked some issues.
The issuance of this regulation is expected to step up direct investments in startups and boost economic growth.
Read: Minister: 3 Percent Account Deficit is a Yellow Signal
This regulation is also hoped to open more opportunities for domestic investors—including micro, small and medium enterprises (SMEs) and cooperatives—in the business industry.
The government also gives opportunities to business areas that are available to foreign investments but have yet to make a significant progress to have a larger portion in a company's shares.
The last element in the economic package, said Darmin Nasution, is related to the export proceeds (DHE) for natural resources products. He further explained that export proceeds are mandated from exported natural resourced products and included in Indonesia’s financial system.
AHMAD FAIZ IBNU SANI
