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Indonesia Proposes Zero Income Tax Rate to Attract Global Capital and Build Financial Hub

By

Emmanuel Abara Benson

2h ago· 3 min readenNews
financepoliticstax policyeconomic development

Summary

Indonesia is considering a draft bill that would introduce sweeping tax incentives, including a 0% income tax rate for selected businesses and foreign financial professionals, as part of President Prabowo Subianto's strategy to establish an international financial centre. The proposal aims to help Indonesia compete with established financial hubs in Asia and the Middle East by attracting global capital. The bill is currently under deliberation in parliament.

Source

bskyIndonesia Proposes Zero Income Tax Rate to Attract Global Capital and Build Financial Hubimpactnews-wire.com

Key quotes

· 2 pulled
Indonesia is considering sweeping tax incentives, including a 0% income tax rate for selected businesses and foreign financial professionals, as it seeks to establish an international financial centre capable of attracting global capital
The proposal is contained in a draft bill currently under deliberation in parliament as part of President Prabowo Subianto's broader strategy to strengthen Indonesia's position as a regional financial powerhouse
Snippet from the RSS feed
Indonesia is considering sweeping tax incentives, including a 0% income tax rate for selected businesses and foreign financial professionals, as it seeks to establish an international financial cen…

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