Investor Presentaiton

Simplifying Regulations through Omnibus Laws Omnibus Laws Group a Diverse Range of Issues into Legislation, Aimed at Creating Jobs and Empowering SMEs. $ Taxes 1) Investment Funding 2) Territorial System Omnibus Law Priority Sectors ப் TAX Labour 6 Pillars of Omnibus Law Perpajakan (Taxation) 3) Personal Taxpayer 4) Taxpayer Compliance Financial Sector¹ 5) Equity of Business 6) Taxation Facility 11 Clusters of Omnibus Law Cipta Lapangan Kerja (Job Creation) 1) Simplification of Licensing 4) Ease, Empowerment and Protection of MSMEs 2) Investment Requirements 3) Employment 5) Ease of Doing Business 6) Research and Innovation Support 7) Government Administration 8) Imposition of Sanctions 9) Land Acquisition 10) Government Investment and Projects 11) Economic Zone BHINNEKA Following the inauguration of his second presidential term in October 2019, President Joko Widodo announced his administration's plans to continue regulatory reform by focusing on initiatives such as developing a dynamic and qualified workforce, promoting industry cooperation through technology, further enhancing infrastructure development and economic reform as well as simplifying regulations and bureaucracy. ■To achieve such ends, President Widodo's Government subsequently prepared three bills of omnibus laws, namely an omnibus bill on job creation, an omnibus bill on development and strengthening the financial sector and an omnibus bill on tax provision. ■Omnibus laws refer to laws that group diverse and unrelated issues which are drawn into a bill which is accepted in a single vote by a legislature. 1Under discussion Source: Coordinating Ministry for Economic Affairs 34

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