Government revises incentives for SEZs

The government revises the incentives provided to investors who are interested to invest in the special economic zones (SEZs) as a move to boost investment in the SEZs.
The incentives are provided based on the Government Regulation (PP) Number 96 2015 on facilities and incentives for SEZs and PP Number 2 2011 on management of SEZs.
Secretary of the Coordinating Minister for the Economic Affairs Susiwijono said the revision aims at luring more investors to invest in the SEZs.
"The process (of revision) will take sometimes. Going forward, SEZs will also be offered for education services, health, creative economy and digital service industries," said Susiwijono, as reported by Kontandaily.
One of incentives to be provided is the zero percent value added tax (VAT) for companies engaging in service exports.
The government, through Finance Ministry, has issued Ministerial Regulation (PMK) Number 32/PMK.010/2019 on the limitation of activities and type of services whose service exports are imposed with VAT.
The government will make it clear the personal income tax for overseas taxpayers, he added. 
He hopes that the regulation will bring in foreign experts in areas of education and health.  (*)