Indonesia lures foreign companies with new tax breaks
Regulatory roundup: Vietnam opens non-performing loans market to foreign investors; China's foreign exchange unit inks deal with CME Group; Europe and Vietnam agree on free trade deal
Indonesia lures foreign companies with new tax breaks
Bambang Brodjonegoro, Indonesia’s foreign minister, announced that he would introduce new tax breaks to corporations, according to the Jakarta Post. The new rules, which were scheduled to be announced this week, will extend the tax breaks for corporations from 10 years to 20 years. A number of companies - including those from the machinery, petrochemical, paper and textile industries - are reportedly lining up for the tax breaks.
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