Factsheet: Income tax reduction for energy development projects

Income tax reduction for energy development projects

Key Information

Country/Region:

Asia›South East Asia›INDONESIA (REPUBLIK INDONESIA)

Description:

Adjustments to income tax on energy development projects, including net income reduction, accelerated depreciation, dividends reduced for foreign investors and compensation for losses.

Goal/Aim:

Increase the share of renewable energy in electricity production.

Type (and subtype) :

Sector/Topic targeted:

Taxation and Trade

Status:

In force

Impact on regional bioeconomy objectives

Fostering effective governance and involvement of the society:

Not Relevant

Building a strong research, development and innovation base:

Not Relevant

Enhancing the creation of jobs and ensuring availability of required skills:

Not Relevant

Building competitive biobased industries:

Not Relevant

Creating a reliable and enabling policy setting:

Not Relevant

Address the (multilevel) cooperations needed to start biobased businesses:

Not Relevant

Creating an attractive environment including infrastructure:

Not Relevant

Availability of financial resources:

Not Relevant

Learning from the strategies/actions of other regions, clusters,...:

Not Relevant

Fostering the development of strong biobased markets:

Not Relevant

Contact References

Full name of Instrument & Measure (English):

Income tax reduction for energy development projects (No. 21/2010)

Links:

http://www.iea.org/publications/freepublications/publication/Indonesia2008.pdf

http://www.academicjournals.org/journal/AJBM/article-full-text-pdf/D5FF58019369

Responsible Authority:

Ministry of Finance (MoF)

Contact of Responsible Authority:

Completed by:

VITO

Completed on:

July, 2015

Advanced Information

Feedstock type targeted:

Product type targeted:

Electricity

Value Chain:

Conversion / transformation / processing

Year Instrument & Measure Started:

2010

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