The policy focuses on the acceleration and simplification of procedure in business | glObserver Global Economics

The Indonesian government on Tuesday unveiled a second batch of stimulus packages to lure investors, prop up weakening rupiah and accelerate GDP increase in the country, an official said here.

Sourced through from:

The minister said that the exporters keeping their U.S. dollars at local banks will have their gain tax on interest reduced to 7. 5 % from 20 % for one month deposit.

For one year deposit, the tax will be deleted to 0 %, he said.

The tax on revenue converted into rupiah would be exempted to 0 % from 20 % for time deposit of six months, Brodjonegoro said.

See on Scoop.itglObserver Asia


Author: globserver

Director of Eyecom china

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