Indonesia - 01

Indonesia: Government Stimulus Package Aims to Ease Tax Conditions for IOCs

On 30 September Coordinating Minister for Economic Affairs Darmin Nasution unveiled the second phase of the administration’s economic stimulus package, which offers interest income tax exemptions for deposits by foreign exchange-earning exporters, including IOCs. Over the past two and a half years the government attempted to bolster the Indonesian rupiah (Rp) by requiring…

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