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Article: Indonesia to cut corporate tax to 25 pct
- Article from:
- Xinhua News Agency
- Article date:
- February 14, 2008
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Copyright informationCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Indonesia to cut corporate tax to 25 pct
JAKARTA, Feb. 14 (Xinhua) -- The Indonesian government and the
House of Representatives are discussing a plan to cut corporate
income tax to 25 percent in an amendment of the income tax law,
local press said Thursday.
The move is aimed at luring investment by the private sector.
"The House has agreed to set corporate income tax to a single
rate of 25 percent, lower than our earlier proposal of 28 percent,"
Sumihar Petrus Tambunan, a senior official with the Directorate
General of Taxation, was quoted by The Jakarta Post newspaper as
saying.
During last year's deliberations, the government proposed a
single income tax rate of 30 percent in the first ...