Tag: Tax holiday

Policy Issue to Watch

The Government of Indonesia not long ago enacted the regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018. The regulation confirms a maximum threshold for foreign ownership of an Indonesian insurance company of 80%.

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Policy Issues to Watch

The Government provides no tax holiday facility to the upstream oil and gas as the sector has its own tax scheme. The Government has two schemes for covering costs issued by the Upstream Oil and Gas Special Task Force (SKKMigas): cost recovery and gross split.

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Policy Issues to Watch

President Joko Widodo reiterates the governmentís commitment to simplify all permits and procedures, including investments for export-oriented products. The President wants to see a complete overhaul of the country’s business processes and permits, from central government down to local governments, by implementing the so-called ‘single submission’, a digital-based integrated business permit process.

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