Announcement
06 Mar 2023
In March 2023, the government of Indonesia provided several tax incentives to help the development of the new capital of Indonesia.
Source
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Number of interventions
11
4 certainly harmful
0 likely harmful
7 liberalising
List of interventions
11 in force
Implementation date
06 Mar 2023
Revocation date:
No revocation date
FDI: Entry and ownership rule
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, exempting foreign ownership limits for investments in the new capital of Indonesia, Nusantara. The foreign ownersh...
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Labour market access
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, exempting foreign worker compensation funds for foreign workers working on projects for the new capital, Nusantara...
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Import tariff
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, providing import duties exemption on raw materials for the following construction service companies in the new cap...
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FDI: Entry and ownership rule
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, exempting foreign ownership limits for investments in the new capital of Indonesia, Nusantara. The foreign ownersh...
Sign in to see more
FDI: Entry and ownership rule
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, exempting foreign ownership limits for investments in the new capital of Indonesia, Nusantara. The foreign ownersh...
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Labour market access
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, extending the foreign worker work permit duration from 5 years to 10 years for the foreign workers hired by busine...
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Internal taxation of imports
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, exempting VAT on the importation of raw materials for the following construction service companies in the new capi...
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Implementation date
06 Mar 2023
Revocation date:
No revocation date
Tax or social insurance relief
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, exempting corporate income tax from local financial companies that invest or provide financing for the development...
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Tax or social insurance relief
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, granting a tax concession to certain construction service companies in the new capital of Indonesia, Nusantara, in...
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FDI: Entry and ownership rule
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, mandating foreign businesses that will operate within the new capital of Indonesia, Nusantara, to form a joint ven...
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Tax or social insurance relief
In force
On 6 March 2023, the government of Indonesia issued Government Regulation No.12/2023, granting a tax concession to certain construction service companies in the new capital of Indonesia, Nusantara, in...
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Related State Acts
02 Feb 2021
Indonesia: FDI policy changes (February 2021)
13 Sep 2022
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04 Jul 2022
Indonesia: Restrictive measures imposed on the information technology-based co-financing services sector
30 Dec 2013
Indonesia: Government introduced a foreign worker compensation fund requirement
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