North Sumatra Investment Book

B BANK INDONESIA xx BANK SENTRAL REPUBLIK INDONESIA TAX 2 3 5 > * III. Tax Holiday Policy SMALL MEDIUM ENTERPRISE Ministry of Finance of Republic of Indonesia has issued a new regulation related to Tax Holiday policy: Minister of Finance Regulation No. 150/PMK.010/2018 on 27 November 2018. "Deduction of Corporate Income Tax is to be granted within 5-20 years period" Base metal upstream industry (steel or non-steel) with or without its integrated derivative Oil and natural gas refinery industry with or without its integrated derivative Coal, natural gas, or crude oil based petrochemical industry with or without its integrated derivative Organic-based chemical industry obtained from Agriculture, plantation, or forestry with or without its integrated derivative Inorganic-based chemical industry with or without its integrated derivative Pharmaceutical main raw materials industry with or without its integrated derivative 7 Irradiation, electromedical, or electrotherapy equipment manufacturing industry 8 9 10 11 Electronics or telematics main components manufacturing industry such as semiconductor wafer, backlight for Liquid Crystal Display (LCD), electrical driver, or display Machineries and machineries components manufacturing industry Robotics components manufacturing industry to support machinery manufacturing industry Power plants main components machinery manufacturing industry 12 Vehicles and vehicles main components manufacturing industry 13 Ships main components manufacturing industry 14 Trains main components manufacturing industry 15 Aeroplane main components manufacturing and aerospace supporting activities industry 16 17 Agriculture, plantation, or forestry based pulp production industry with or without its derivative Economic Infrastructure 18 Digital economy including data processing, hosting, and other related activities North Sumatra Investment Book 119

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