Sri Mulyani Finalizes Regulation to Boost Investments

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  • Indonesian Finance Minister Sri Mulyani

    Indonesian Finance Minister Sri Mulyani

    TEMPO.CO, Jakarta - Finance Minister Sri Mulyani said that the government is currently finalizing a number of tax policies that are expected to support investments and exports. 

    One of the policies that were revealed by the minister is indirect tax facilities for the oil and gas industry’s upstream sector and diverting participating interest and uplift. 

    “We are finalizing those as we speak together with the Energy and Mineral Resources Ministry,” said Sri Mulyani on Wednesday, November 21. 

    Sri Mulyani also stated that she will add additional export services that will be supported with a zero percent value-added tax (PPN) policy, which will facilitate services in the tech and information, research and development, legal aid, audit, trade service, interconnection, and heavy machinery lease.

    “We are finalizing the PMK (Finance Ministerial Regulation) so we can have the same facilities as other ASEAN countries,” said Sri Mulyani

    The finance ministry will also introduce new PMK’s such as placing deposits for export products with a lower income tax (PPh) compared to the current one. PMK in the fields of land properties and mineral and coal sector is also set to be introduced.