Purbaya Finally Approves Tax Exemption for SOEs
Jakarta, CNBC Indonesia - SOEs have received approval from Finance Minister Purbaya Yudhi Sadewa for the waiver of transaction taxes in the transformation of SOE companies. This was stated by the Head of the SOE Holding Agency, Dony Oskaria.
“We proposed tax relief in the SOE transformation process. So the Minister of Finance is very supportive of this process because it is good for us to make SOE companies strong and healthy,” said Dony when met by reporters at the Juanda Building, Jakarta on Wednesday (6/5/2026).
Furthermore, Dony said that the transactions granted tax relief include several corporate actions in the transformation process, such as liquidation, investment, consolidation, and restructuring.
The form of relief in question is the waiver of taxes on transactions related to those corporate actions.
“All taxes related to those transactions, this streamlining transaction, whether merger, liquidation, and so on. So there is no tax and it is also regulated in our law, the SOE law,” he added.
Regarding when this regulation will be enacted, Dony said it is just waiting for the issuance of the Government Regulation (GR).
“The Minister of Finance has supported it, the GR will be issued soon.”
The SOE transformation, said Dony, continues to this day, one of which is the reorganisation of mutual funds targeted to be completed at the end of this month and the consolidation or merger of other SOE companies.
“Oh the process is ongoing, and earlier I updated that some companies have been closed, some companies consolidated. So one by one continuously, every day it will continue with a large number,” Dony revealed.
Previously, Purbaya firmly rejected the request for the elimination of tax obligations for several SOEs that was submitted at that time by Danantara CEO Rosan P. Roeslani.
The request submitted before 2023 was rejected because the red-plate companies were deemed to have already reaped profits. Purbaya said he could only provide fiscal support in accordance with the rules.
“He (Rosan) asked for tax relief for several companies (SOEs). Back before 2023, if I’m not mistaken, to eliminate the tax obligation, it couldn’t be done,” said Purbaya when met at the DPR Building, quoted Saturday (6/12/2025).
At that time, Purbaya stated that he only agreed to provide tax relief for SOEs that were carrying out corporate actions. This is possible to implement. According to him, restructuring and consolidation can be given relief.
“I think it makes sense for consolidation (the tax) we give 2-3 years ahead. After that, for every corporate action we will charge, we will impose tax according to the rules,” he emphasised.