Indonesia has published the Law on Job Creation (Law No. 11 of 2020) which was enacted on 2 November 2020. The main tax measures of the law include:
- A tax exemption on dividends received or derived by a resident company, cooperative, or state-owned enterprise from another Indonesian company (minimum participation and other requirements no longer apply);
- A tax exemption on domestic dividends received by a resident individual if the dividend amount is reinvested in Indonesia (otherwise, stand…