TAX INCENTIVES WELCOMED BY INDONESIAN TEXTILE INDUSTRY LEADERS

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 ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.