Tue, 20 Mar 2007
The House of Representatives is expected to pass the long-awaited new investment bill that will offer tax and duty incentives to both local and foreign investors.

The government has agreed in principle that incentives can be offered not only to new investors, but also to those who expand their businesses, Bisnis Indonesia quoted Irmadi Lubis, a member of the House committee tasked to discuss the bill, as saying on Thursday (15/3/07).

Among the incentives are exemptions from income tax, lower income tax for a certain period, and an exemption or lower import duties on capital goods and intermediary products that will be processed into export commodities, the report said.



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