The government has granted tax holidays to 12 companies with total investment of Rp210.8 trillion (US$14.45 billion) since it issued the revived Finance Ministry Regulation No. 35/2018 in April. The head of the Finance Ministrys income tax (PPh) collection and reduction division, Sulistyo Wibodo, said in Jakarta on Monday that those figures were based on a calculations one before issuance of the 16th economic police packages in November, which also deregulated tax holiday rules. The tax holiday facility has been issued to 12 applicant, Sulistyo said in Bogor, West Java, on Tuesday. Four of the 12 companies are invented in electricity infrastructure, one in the chemicals industry and seven in the steel industry, he said, adding that their new investment was protected to create 10,587 jobs. The investment locations include Serang in Banten, Konawe in Southeast Sulawesi, South Tapanuli in North Sumatra, East Halmahera in North Maluku, Jepara in Central Java, Bengkulu, Bombana in Southeast Sulawesi and Cilegon in Banten. The investors come from Indonesian as well as from China, Malaysian, Singapore, Japan and the Netherlands. Early all the investment is for new projects, Sulistyo added. Adoptep from: htt://wws.thejakartapost.come/news/2018/12/12/12- investors-granted-tax-holiday-since-april.html (12th December 2018) The passage mainly deal with.

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