According to recent reports, the Indonesian government is planning to introduce new tax holiday incentives for eligible pioneer industries. The current incentives will be simplified with a five-year tax holiday (100% exemption) for qualifying investments over IDR 500 billion, and a twenty-year tax holiday for investments over IDR 1 trillion. After the exemption period ends, a 50% reduction in the tax rate will apply for two years. In addition, the scope of eligible industries will be expanded…