Government Measures to Mitigate Covid-19 Risk slide image

Government Measures to Mitigate Covid-19 Risk

Investment Priority List in the Presidential Regulation for the Investment Business Sector The government provides positive sentiment to the business world by establishing policies for regulating business sectors that are more open (positive) and priority. PRESIDENTIAL REGULATION OF INVESTMENT BUSINESS FIELDS AREAS OF 46 BUSINESS FIELDS WITH SPECIFIC REQUIREMENTS 246 PRIORITY BUSINESS FIELDS given fiscal incentives and and non-fiscal, a.l. Tax Allowance and Tax Holiday 90 BUSINESS FIELDS OR PARTNERSHIP WITH COOPERATIONS AND MSMEs > 1700 OTHER OPEN FIELDS OF BUSINESS (domestic/foreign / joint venture) without conditions With a positive approach, the Government provides assurance that in principle all business fields are open to investment, which is declared closed by law. The investment value for Mandatory PMA is> IDR 10 billion. This openness takes into account the protection and empowerment of MSMEs. The government also provides information on the direction of investment policy in Indonesia by determining business fields that are the Government's priorities. Priority Business Field Criteria National Strategic Programs/Projects; Capital Intensive; Labor intensive; High technology; Pioneer Industry; Export Orientation; and / or Orientation in Research, Development and Innovation Activities. Incentives provided Tax Incentives: o Tax Holiday; o Tax Allowance; o Investment Allowance Customs and excise incentives (free of import duty on industrial construction machinery and materials) Non-fiscal incentives (ease of business licensing, provision of supporting infrastructure, guaranteed energy availability, raw materials, immigration, labor, etc.) Other incentives according to regulations Source: Coordinating Ministry for Economic Affairs 37 34
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