Government Introduces Updated Provisions on PPh Facilities for Investments within Certain Business Sectors and/or Regions

As an implementation of Regulation of the Government No. 78 of 2019 on Income-Tax Facilities within Certain Business Sectors and/or Certain Regions (“Regulation 78/2019”),[1] the Minister of Industry (“Minister”) has issued Regulation No. 47 of 2019 on Criteria and/or Requirements for the Obtaining of Income-Tax Facilities for Investments within Certain Business Sectors and/or Certain Regions within the Industrial Sector (“Regulation 47/2019”), which sets out an updated, improved framework that addresses criteria and/or requirements for the obtaining of Income-Tax (“PPh”) facilities for investments within certain business sectors within the industrial sector and/or certain regions.