JAKARTA : Indonesia's incoming president, Prabowo Subianto, will review the possibility of cutting the corporate income tax to 20 per cent from 22 per cent, CNBC Indonesia reported on Sunday, citing an adviser.Prabowo, who takes office on Oct.
FILE PHOTO: Indonesian Defense Minister and President-elect Prabowo Subianto talks with Japanese Defense Minister Minoru Kihara at the start of their talks at the Defense Ministry in Tokyo, Japan, April 3 2024. KIMIMASA MAYAMA/Pool via REUTERS/File PhotoJAKARTA : Indonesia's incoming president, Prabowo Subianto, will review the possibility of cutting the corporate income tax to 20 per cent from 22 per cent, CNBC Indonesia reported on Sunday, citing an adviser.
"We do hope that at some point we can reduce corporate income tax," CNBC Indonesia quoted Prabowo adviser Dradjad Wibowo as saying.Foreign investors have been worried that Prabowo, who plans to expand the number of government ministries, may ease fiscal discipline in Southeast Asia's largest economy. A senior aide has said Prabowo will stick to agreed 2025 spending levels and adhere to existing budget rules.
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