Economic stimulus package no.7

On 4 December, the government announced its seventh economic stimulus package, aiming to provide incentives for labor-intensive industries ease certain land-certification processes and reaffirm the existing investment (BKPM) policy for a 3-hour business permit process.

At this stage, the government continues to cut several tax rates, undermining its tax revenue collection as we head into 2016. The announced tax cuts are:

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