North Sumatra Investment Book

B BANK INDONESIA BANK SENTRAL REPUBLIK INDONESIA PMK 237/2020 FACILITIES AND CONVENIENCE TAX HOLIDAY Eligible Subjects Minimum Investment Facilities Procedure Business entity FACILITIES AND CONVENIENCE Investors/producers who carry out main activity in SEZ IDR 100 billion Tax holiday 100% • • Business entity as long as 10 years Investors/producers accordance to investment value Investment > IDR 1 trillion as long as 20 years Investment IDR 500 billion to < IDR 1 trillion as long as 15 years Investment IDR 100 billion to < IDR 500 billion as long as 10 years Transition to 50% of income tax (PPh) reduction for 2 years Submission, verification and decision making are done online via OSS system. Verification is carried out by BKPM within 5 working days PMK 237/2020 TAX ALLOWANCE • Eligible Subjects • Facilities Procedure FACILITIES AND CONVENIENCE Investors/producers who : • Carry out main activities in SEZ and choose to be given a tax allowance or do not meet the criteria and requirements of the SEZ tax holiday, or Carry out other activities in SEZ • Reduction in net income by 30% for 6 years (5% per annum) • . Accelerated depreciation and amortization Dividend income tax rate of 10% for foreign taxpayers or lower in accordance with Double Taxation Avoidance Agreement (P3B) Loss compensation for 10 years that are given automatically without the need to meet certain conditions Submission, verification and decision making are done online via OSS system. Verification is carried out by BKPM within 5 working days North Sumatra Investment Book 49

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