BKPM Simplifies Offline Application Submission Procedures for the Securing of PPh Facilities for Investments Within Certain Business Fields and/or in Certain Regions

In order to implement provisions which were originally set out under the following legal frameworks: 1) Regulation of the Government No. 78 of 2019 (“Regulation 78/2019”); and 2) Regulation of the Minister of Finance No. 96/PMK.010/2020, the Investment Coordinating Board (Badan Koordinasi Penanaman Modal – “BKPM”) has issued Regulation No. 5 of 2020 on Procedures for Offline Application Submissions for Corporate Income-Tax Facilities for Investments Within Certain Business Fields and/or in Certain Regions (“Regulation 5/2020”).[1]