KONTAN.CO.ID - JAKARTA. Finance Minister Sri Mulyani Indrawati said the government might offer other incentives -- such as a tax holiday and tax allowance -- to investors because no one applied for it last year. "No one applied for the incentives last year. Were they not interesting? We may need other kinds of incentives," she said during a fiscal dialogue event in Jakarta on Monday. A tax holiday was introduced in 2011 to allow investors to invest their money in strategic sectors with a minimum capital outlay of Rp 1 trillion (US$74 million). The facility will free investors from paying taxes for between five and 10 years.
RI to revise unattractive fiscal incentives
KONTAN.CO.ID - JAKARTA. Finance Minister Sri Mulyani Indrawati said the government might offer other incentives -- such as a tax holiday and tax allowance -- to investors because no one applied for it last year. "No one applied for the incentives last year. Were they not interesting? We may need other kinds of incentives," she said during a fiscal dialogue event in Jakarta on Monday. A tax holiday was introduced in 2011 to allow investors to invest their money in strategic sectors with a minimum capital outlay of Rp 1 trillion (US$74 million). The facility will free investors from paying taxes for between five and 10 years.