Tax cuts proposed for Indonesian textile and footwear companies

Indonesia’s Investment Coordinating Board (BKPM) has proposed income tax cuts to support the country’s textile and footwear industry.

Azhar Lubis, deputy director for investment monitoring and implementation, said the board had talked with the Office of the Coordinating Economic Minister and the Finance Ministry to suggest a reduction in employees’ income tax by as much as 50%.

He added that the incentive is suggested to last for five years and will come with certain terms and conditions.

For the full story, see the January 2016 edition of Textiles South East Asia. Not a subscriber? Sign up HERE