Business opportunity Indonesia will implement preferential tax policies on LED products

China News Agency, Jakarta, June 16, Indonesian finance minister Bambang said the day before, the Indonesian government through investment and stimulate economic growth.

Bambang said that this year, the Indonesian government issued in 2015 eighteenth, government regulations, issued a series of preferential tax policies to attract domestic and foreign investment. One is for some business investment in specific areas of the allowance policy; the two is to provide tax incentives for LED, geothermal energy, natural gas processing and harmless waste disposal of green investment industry; three is to reduce the corporate income tax rate, President Djoko has approved the corporate income tax from the current 25% and gradually decreased to 17.5%, but not yet to determine the specific implementation schedule.

According to the Indonesian Ministry of Finance disclosed, according to Indonesia, "2015, the middle of the 2019 development plan", the next 5 years, Indonesia will build 2650 kilometers of roads and 1000 kilometers of highway, 3258 km of railways, 24 large ports, 60 ferry terminals and 15 modern airports, 14 industrial parks, 49 reservoirs and 33 hydropower station, and the establishment of irrigation system for about 1 million hectares of farmland, which is expected to amount to about $424 billion 500 million.

Indonesian investment Coordinating Committee Vice Chairman of Danba said that China has invested $1 billion 500 million in Indonesia in the past five years. In 2014 alone, it reached $800 million, an annual growth of 169%.

It is reported that 10 years ago, bilateral trade volume of $16 billion 800 million in Indonesia, in 2014 reached $63 billion 600 million, nearly doubled over two. 2014, China's non-financial direct investment in Indonesia $1 billion 50 million, ranking first in the 10 ASEAN countries, an increase of 37.6%. At the end of March this year, Chinese of Indonesia total investment amounted to $4 billion 140 million.

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