Tag
#Tax Allowance
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articleEffect of the Global Minimum Tax: Tax Holiday Replaced by Refundable Tax Credit
The Indonesian government is shifting its fiscal incentives from tax holidays to refundable tax credits in response to the implementation of the 15% global minimum tax. Indonesia is set to impose a Top-Up Tax, as per Minister of Finance Regulation (PMK) No. 136/2024.
Sep 25, 2025
articlePMK 136/2024: The Liminality of Tax Incentives
PMK 136/2024 marks a new chapter in Indonesia's tax incentives amid the implementation of the Global Minimum Tax, from the fading of tax holidays to the emergence of substance and sustainability-based fiscal strategies.
Sep 3, 2025
articleTax Holiday and Tax Allowance Facilities in Indonesia Generate IDR 370 Trillion Investment
During 2018-2022, the Indonesian government provided IDR 20 trillion worth of corporate income tax reduction facilities, including tax holidays and tax allowances.
Jun 14, 2024
articleThe Value of Tax Expenditure is Not Comparable to The Increase in Investment
Last year, the realization of tax expenditure to improve the investment climate was recorded to be up 14.21% from the realization in 2020. Meanwhile, the realization of investment throughout 2021 was recorded to only grow 8.91% to IDR 826.3 trillion.
Aug 24, 2022
articleMinister of Finance Hands Over the Tax Holiday Granting Authority to BKPM
The government withdrew the authority of several ministries/institutions and fully delegating it to the Indonesian Investment Coordinating Board (BKPM) to determine the eligibility of tax holiday and tax allowance recipients.
Oct 13, 2020
articleTax Allowance Provision To Be Revised, Filing Process is Simplified
In its consideration, this change is made to simplify the mechanism for submitting and providing facilities. The previous regulation was considered to be irrelevant to the government's efforts in providing taxation facilities that are simple and facilitating investors to obtain these facilities.
Aug 4, 2020
