File picture of Mulyani speaking at the House of Representatives on Sept. 13 2021. - Finance Ministry/Public relation team
JAKARTA (The Jakarta Post/Asia News Network): The Finance Ministry has expanded its list of companies eligible for corporate tax cuts, zero import duties and value-added tax (VAT) restitutions, saying that the Covid-19 pandemic was still weighing on businesses.
Finance Ministerial Regulation No. 149/2021 issued on Oct 26 increases the number of companies eligible for the corporate tax incentive to 481 from 216, the import duty incentive to 397 from 132 and VAT incentive to 229 from 132.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
