Indonesia to Offer More Incentives for Green Investments

The Indonesian government plans by the end of this year to offer more incentives to local and foreign investors who use technology that reduces pollution and conserves energy.

The Environment and Forestry Ministry is finalizing policies that will provide the companies with soft-loan facilities, longer business permits and free import duties, said Siti Nurbaya, the environment and forestry minister, at the press conference of the Tropical Landscape Summit 2015 in Jakarta.
The policies will add to existing fiscal incentives such as tax allowances, or discounts on corporate income tax for a certain period, and tax holiday, which exempts income tax for up to a decade, she said.

Siti said her ministry will provide soft loans that bear interest of “around 5 percentage points below the average loan rate,” but that is subject to approval from the Finance Ministry and the Financial Services Authority (OJK).

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Posted April 30, 2015 by repit in Uncategorized

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