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🇮🇩 Indonesia /Economy & Trade

Indonesia offers tax breaks, Golden Visas to attract financial center investors

From Tempo · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Indonesia is offering a range of incentives, including tax breaks and Golden Visas, to attract investors to the Indonesia International Financial Center (PFII).
  • The PFII Bill includes specific regulations on income tax, VAT, luxury goods sales tax, and customs, alongside facilities for immigration, labor, licensing, and residency.
  • The government hopes these measures will strengthen the national economy, boost the financial sector's role in development, and expand economic opportunities.

Indonesia is rolling out a comprehensive package of incentives to draw investors to its International Financial Center (PFII). Finance Minister Purbaya Yudhi Sadewa announced that the government is offering a series of benefits, from tax exemptions to Golden Visa facilities, aimed at making the PFII a prime destination for global capital.

the government is offering a series of facilities to attract investors to the Indonesia International Financial Center (PFII), starting from tax breaks to Golden Visa facilities

— Purbaya Yudhi SadewaFinance Minister Purbaya Yudhi Sadewa detailing the incentives for the Indonesia International Financial Center.

The proposed PFII Bill specifically outlines regulations designed to attract investment, encompassing tax facilities such as exemptions on income tax, value-added tax, luxury goods sales tax, and customs duties. Beyond fiscal advantages, the government is also providing other special provisions.

The tax facilities include income tax, value-added tax, luxury goods sales tax, and customs facilities.

— Purbaya Yudhi SadewaSpecifics on the tax benefits offered to investors at the PFII.

These additional facilities include Golden Visas, streamlined processes for immigration, labor, licensing, and residency. Notably, the regulations will also accommodate the use of the English language, facilitating smoother operations for international businesses. Minister Purbaya expressed optimism that these measures, coupled with the PFII Bill, will significantly contribute to strengthening Indonesia's economy.

Other special facilities include Golden Visa, Immigration, Labor, Licensing, and Residency. There are also specific regulations such as language regulations, namely the use of the English language

— Purbaya Yudhi SadewaDetails on non-tax related facilities and regulations for the PFII.

The government anticipates that the PFII will enhance the financial sector's role in supporting national development, broaden economic opportunities, and ultimately bolster Indonesia's economic sovereignty and the welfare of its people.

these various facilities, in line with the formation of the PFII Bill, can make a positive contribution to strengthening the national economy, increasing the role of the financial sector in supporting development, and expanding economic opportunities to strengthen national economic sovereignty and realize the welfare of the Indonesian people.

— Purbaya Yudhi SadewaThe Finance Minister's hopes for the impact of the PFII on Indonesia's economy.
DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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