International credit rating agency Moody’s Investors Service spoke positively on the Indonesian government’s decision to offer tax holidays. Indonesia previously decided to cut taxes in 9 pioneer industries (in an effort to boost the nation’s economic growth). New companies that come to Indonesia with an investment of at least Rp1 trillion (approx. US$71 million) in one of these 9 pioneer industries can request a tax cut between 10% to 100% for a period of up to 20 years.To subscribe please click here
