Jumat, November 1, 2024

Unlock Tax Savings: Beef and Dairy Farms with Rp. 10 Billion Investments Now Entitled to Enjoy Income-Tax Facilities

Following the mandate set under Regulation of the Government No. 78 of 2019, the Minister of Agriculture (“Minister”) has decided to introduce applicable criteria and requirements for the granting of income-tax facilities for investments in certain businesses within the farming subsector (“Tax Facilities”) through the issuance of Regulation No. 11 of 2024 (“Regulation 11/2024”), which has been in force since 18 October 2024.
In essence, domestic corporate taxpayers who invest in the main business activities (both new or the expansion of existing investments) of certain eligible businesses operating within the farming subsector are entitled to secure Tax Facilities. In this regard, the applicable requirements for the securing of said Tax Facilities broadly break down as follows: 1) Must undertake high-value investments or investments in products that are intended for export; 2) Must absorb large numbers of workers; or 3) Must have high levels of local content.

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*Syarat dan ketentuan berlaku

Following the mandate set under Regulation of the Government No. 78 of 2019, the Minister of Agriculture (“Minister”) has decided to introduce applicable criteria and requirements for the granting of income-tax facilities for investments in certain businesses within the farming subsector (“Tax Facilities”) through the issuance of Regulation No. 11 of 2024 (“Regulation 11/2024”), which has been in force since 18 October 2024.
In essence, domestic corporate taxpayers who invest in the main business activities (both new or the expansion of existing investments) of certain eligible businesses operating within the farming subsector are entitled to secure Tax Facilities. In this regard, the applicable requirements for the securing of said Tax Facilities broadly break down as follows: 1) Must undertake high-value investments or investments in products that are intended for export; 2) Must absorb large numbers of workers; or 3) Must have high levels of local content.

......

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