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Investor Presentaiton

1. INCOME TAX 4. Corporate Income Tax (CIT) Rate CIT will still be 22% for fiscal year 2022 onwards. CIT Rate Comparison of average CIT rates CIT Rate Regions 2017 2018 2019 2020 2021 CIT Rate Fiscal Year Income Tax HPP Law Law Year 2020 2021 22% OECD countries (%) American countries (%) G-20 countries (%) 23,95 23,53 23,12 22,88 22,81 28,29 28,11 27,36 27,33 27,16 Year 2022 onwards. 20% 22% ASEAN countries (%) Source: KPMG, processed 25,92 22,67 25,29 24,90 24,60 24,17 22,67 22,67 22,17 22,17 . • State revenues optimization is important to build a fair and healthy state's budget while maintaining sustainable economic growth. Change in non-taxable revenue threshold and tax rate have been made in the HPP Law, in accordance with the current conditions. Domestic MSME businesses still eligible for income tax rate reduction by 50%, as stipulated in the Article 31E of Income Tax Law. Individuals with the gross turnover up to Rp500 million are eligible for tax exemption. Thus, as one of the HPP Law's objectives to optimize state revenues by considering fairness principle, CIT rate is maintained at 22% from 2022 onwards. 67
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