Indonesia issued new regulations for the tax holiday incentive on 18 September 2020 and on 9 October 2020 released implementing regulations for the 300% super deduction incentive for research and development (R&D) activities. The regulations are effective from 8 October and 9 October 2020, respectively.
This Tax Alert highlights the key aspects of these regulations.
Tax holiday incentive
1. Benefits and investment value thresholds
The benefits and investment value thresholds …