Indonesia targets corporate tax cut to 20%

Bambang: ‘We’re seeking a figure that’s in line with neighbouring countries but also not too far from other Asean countries. So we think 20 is still competitive in Asean.’ – Bloomberg

JAKARTA: Indonesia plans to cut corporate tax to 20% this year, from 25%, as it tries to attract investment to spur the economy.

The move would need parliamentary approval, Finance Minister Bambang Brodjonegoro said yesterday.