Tax Allowance and Tax Holiday to Accelerate Development of Industrial Estates in Indonesia

With a development target of 27 industrial estates in the period of 2020-2024, the government certainly needs to take strategic steps to ensure the smooth development of industrial estates as has been realized in the East Java Industrial Zone of JIIPE.

According to Sanny from the Indonesian Chamber of Commerce (Kadin), one of the efforts that can be done by the government to accelerate the development of industrial zones to be as optimal as the East Java Industrial Zone of JIIPE is to revise the tax allowance and tax holiday.

The revision of the two schemes will be a special attraction for investors and businesses to invest in industrial estates in Indonesia, one of them is East Java Industrial Estate JIIPE. This will certainly have a positive impact on the acceleration of industrial estate development in Indonesia.