News Highlight

INCOME TAX INCENTIVE FOR PUBLIC COMPANIES (2008-04-29)
The Government of Indonesia reduces the income tax rate of publicly listed companies that meet the conditions for the reduction. The income rate reduction is regulated in Government Regulation No. 81 which was issued on 28 December 2007 (“GR 81”).

NON-BANK COMPANIES’ FOREIGN LOANS (2008-04-29)
Bank Indonesia, the national central bank, recently issued its Regulation No. 10/7/PBI/2008 regarding Foreign Loans of Non-Bank Companies (the “Regulation”). The Regulation states as the consideration of its enactment the central bank’s anticipation of the growing amount of inflow of foreign loans into the country and its need to minimize this phenomenon’s negative impact.