Indonesia's Directorate General of Taxation has issued a release on the draft Law on Provisions and Tax Facilities for Strengthening the Economy, which was submitted in the House of Representatives on 31 January 2020. Some of the main measures of the law include:
- A reduction in the corporate tax rate to 22% in 2021 and 2022 and to 20% from 2023;
- A further corporate tax rate reduction by 3% from 2021 for companies that list publicly;
- A tax exemption (tax write-off) on dividend income as long…