41. This week, the government announced a tax holiday and other incentives. 42. Investments in priority areas get various incentives such as tax holidays and reduced duties of capital equipment. 43. Each criteria would be rewarded by a two-year tax holiday of up to a maximum of six years if the investor fulfilled all three conditions. 44. The removal of incentives, including a four-year tax holiday, is aimed at getting industries to relocate to other areas of the country. 45. Tumion said that with the imposition of tax holidays, the government could still offset losses through other taxes. 46. Suharto in July issued a decree on the provision of tax holidays to help draw more foreign investment into the country. 47. Tanir Bavi will also be granted a tax holiday of five years. 48. The industry sectors should apply to the team individually for the tax holiday, which is granted for a period of five years. |