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Government Prepares 30-year Tax Holiday Facility at IKN

Thursday, 20 October 2022

Government Prepares 30-year Tax Holiday Facility at IKN

JAKARTA. A number of tax incentives are being prepared by the Head of the Nusantara Capital Authority (IKN), for the development of IKN to be able to attract investors.

Some of the incentives prepared include tax holidays and super deduction tax.

Quoting CNNINdonesia.com, one of the tax holiday facilities is a maximum of 30 years with an investment value of IDR 10 billion, for investors who want to build infrastructure in IKN.

In addition, the government will also provide a tax holiday for 20 years for business actors who build economic facilities such as shopping centers, tourism and Meeting, Incentive, Conventions, and Exhibition (Mice) facilities.

Read: Minister of Finance Hands Over Tax Holiday Granting Authority to BKPM

350% Tax Discount

Another facility that will be provided is a super deduction tax of up to 350%, for the construction of research and development facilities in certain sectors.

According to the Head of the IKN Authority, Bambang Susantono, they are currently drafting a regulation in the form of a Government Regulation, related to the provision of these facilities. "Now it is in the finalization stage," he said.

In addition to preparing incentives, the government will also form a Business Entity that will facilitate the relationship between the Authority and investors.

Therefore, the investment agreement will occur on a business-to-business (b2b) or private-to-private basis. It is seen as making investment transactions easier.



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