In response to Indonesia’s currently declining economy, the Government, through the Minister of Finance (“Minister”), has issued Regulation No. 124/PMK.011/2013 (“Regulation”) to provide reductions and delays in the payment of income tax for business entities engaged in the textile, apparel, footwear, furniture, and children’s toys industries (Art. 1 (2), Regulation). [1]
Government Provides Income Tax Incentives for 2013 Tax Year
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