Indonesia govt offers tax breaks for investments in new capital city project

Indonesia govt offers tax breaks for investments in new capital city project

Design of president office in Nusantara (source: Nyoman Nuarta Instagram)

The Indonesia government will offer tax incentives, including a 30-year tax exemption and 350% tax deduction, for companies investing in the country’s new capital called Nusantara, a top official said at an investors’ gathering on Tuesday.