Indonesia issues implementing rules for investment law reform
Published 21 Feb,2021 via Bloomberg Politics & Policy - Indonesia has released the specifics of its investment law overhaul, with changes that include lower taxes on bond earnings and new permit requirements for plantations.
The 49 implementing rules cover land management, foreign worker regulations and a new framework for deciding which sectors are open or closed to overseas investors. The omnibus law is meant to spur investments and create jobs, part of a major push by President Joko Widodo to bring the economy out of its first recession since the Asian financial crisis.
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Yudith Ho