Introducing Omnibus Law on Job Creation
Harmonize Sectoral laws to Boost Indonesia’s Investment Environment
JAKARTA - Currently, one of the largest hurdles in the country’s investment environment is excessive regulation (or red tape), not only at the central government level but also at the regional level.
For the purposes of investors, the Indonesian government is drafting an omnibus billon job creation to cut red tape to ease doing business, create jobs, and attract more investment. An omnibus law is a law that revises several, even dozens of other (prevailing) laws.
These are 6 interesting tax incentives that are initially offered by the Indonesian Government: