Economic Stimulus Packages of the Indonesian Government

Package

Unveiled

Main Points

1st

9 September
2015

• Boost industrial competitiveness through deregulation
• Curtail red tape
• Enhance law enforcement & business certainty

     

2nd

30 September
2015

• Interest rate tax cuts for exporters
• Speed up investment licensing for investment in industrial estates
• Relaxation import taxes on capital goods in industrial estates & aviation

     

3rd

7 October
2015

• Cut energy tariffs for labor-intensive industries

4th

15 October
2015

• Fixed formula to determine increases in labor wages
• Soft micro loans for >30 small & medium, export-oriented, labor-intensive businesses

     

5th

22 October
2015

• Tax incentive for asset revaluation
• Scrap double taxation on real estate investment trusts
• Deregulation in Islamic banking

     

6th

5 November
2015

• Tax incentives for investment in special economic zones

 

7th

4 December
2015

• Waive income tax for workers in the nation's labor-intensive industries
• Free leasehold certificates for street vendors operating in 34 state-owned designated areas

8th

21 December
2015

• Scrap income tax for 21 categories of airplane spare parts
• Incentives for the development of oil refineries by the private sector
• One-map policy to harmonize the utilization of land

     

9th

27 January
2016

• Single billing system for port services conducted by SOEs
• Integrate National Single Window system with 'inaportnet' system

• Mandatory use of Indonesian rupiah for payments related to transportation activities
• Remove price difference between private commercial and state postal services



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