The Indonesian government is committed to improving the investment climate by updating and refining the Tax Holiday facility based on PMK-130. One of the key changes is the opening of opportunities for companies not listed as "Pioneer Industries" to apply for this incentive. Section B of PMK-130 highlights the specific procedures that companies must follow to take advantage of this facility.
For companies outside the list of pioneer industries, PMK-130 provides an opportunity to apply through a separate channel to the Ministry of Finance. One crucial step is completing a self-assessment form that includes criteria such as local ties, added value, technological innovation, and support for national strategic projects. Companies are required to achieve a minimum score of 80 in this form.
The application process under this route allows for submission through the Online Single Submission (OSS) system or manually if OSS is unavailable. Submissions via OSS should be accompanied by soft copies of specific documents, including a list of fixed assets in the capital investment plan, tax certificates for domestic shareholders, a study demonstrating compliance with the pioneer industry criteria, and a self-assessment form for quantitative criteria.
Although there may be challenges, opening the door for companies outside the pioneer industries is a positive step in supporting investment and broader economic growth in Indonesia. With the latest updates in PMK-130, companies now have the opportunity to demonstrate their contributions to national prosperity, even if they do not fall under the category of pioneer industries.