Government Utilizes Tax Incentives to Attract Investment
Tuesday, 11 February 2025

The Finance Minister Sri Mulyani Indrawati reported that at least 655 investors have taken advantage of the tax incentives provided by the government to encourage investment. Tax holiday has been provided to 221 tax payers and gained approximately Rp421.94 trillion in investment and US$479 million (in the 2011-November 2024 period). In the 2021 to November 2024 period, 60 corporate tax payers utilized the tax holiday for KEK Areas with the total investment reaching Rp12.74 trillion. This year, the government aimed for Rp445.5 trillion in tax spending (2025 State Budget Financial Note).

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