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The government has just formalized a new scheme to provide a corporate income tax (PPh) reduction facility known as a tax holiday. The formation of Tax Holiday is expected to be one of the attractions for investors.
Related to Tax Holiday, East Java Industrial Estate JIIPE as the largest industrial estate in East Java strongly supports the regulation. East Java Industrial Estate JIIPE considers Tax Holiday as a way to attract more investment in Indonesia.
According to the East Java Industrial Zone JIIPE, so far the licensing process is still one of the obstacles for investment into Indonesia. Therefore, the East Java Industrial Estate JIIPE hopes that through Tax Holiday it is hoped that these obstacles can be overcome and investment will increase.