Income Tax Incentives for Investments within Certain Business Sectors and/or Regions Updated

With the aim of promoting and increasing direct investments within Indonesia, as well as promoting the equalization and acceleration of development within certain business sectors and/orcertain regions, the Indonesian Government recently issued Regulation of the Government No. 78 of 2019 on Income-Tax Facilities for Investments within Certain Business Sectors and/or Certain Regions (“Regulation 78/2019”). In order to achieve the abovementioned objectives, Regulation 78/2019 updates the scope of and simplifies procedures for the granting of income-tax (pajak penghasilan – “PPh”) facilities to any domestic corporate taxpayers (“Taxpayers”) which are investing in:[1]