The Minister of Finance (“
Minister”) recently issued Regulation
No. 35/PMK.010/2018 on Corporate Income-Tax Deductions (“
Regulation 35/2018”) with the ultimate objective of further boosting economic growth by encouraging more direct investment in pioneering industries throughout Indonesia.
[1]
Regulation 35/2018 sets out various technical provisions on tax deductions for income (also known as a tax holiday) which is generated by corporate taxpayers who are investing in various pioneering industries
[2] and specifically addresses the following matters:
......