TAX INCENTIVES WELCOMED BY INDONESIAN TEXTILE INDUSTRY LEADERS
February 1st, 2018
TEXTILE industry representatives have welcomed an anticipated move by the Indonesian government to make new corporate income tax cuts to boost investment and make its manufacturing industry – notably textile and clothing manufacturers - more competitive both at home and overseas.
The government is concerned that existing tax allowances and tax holidays offered to several labour-intensive industries, are not working.
Under the existing government regulation 9 of 2016, companies can have 5% of their corporate income tax reduced for up to six years, depending on ...
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