After announcing the 16th economic policy package on November 16, 2018, the government finally issued Regulation of the Minister of Finance Number 150/PMK.010/2018 regarding Provision of Corporate Income Tax Deduction Facility which constitutes the revision to Regulation of the Minister of Finance Number 35/PMK.010/2018. Through the revision, an investor who makes an investment with the minimum value of Rp100 billion in a pioneer industry is entitled to receive the corporate income tax deduction facility.
The corporate income tax deduction provided by the government is 50% or 100% of the corporate income tax due depending on the value of investment made. An investment with the minimum value of Rp100 billion up to less than Rp500 billion will be provided with corporate income tax deduction of 50%. Meanwhile, an investment with the minimum value of Rp500 billion will be provided with corporate income tax deduction of 100%.
The government also increased the number of pioneer industries from 17 to 18 pioneer industries. The government actually increased 2 pioneer industries, but 2 out of the previously existing 17 pioneer industries are combined into 1 pioneer industry. In addition, the number of Indonesian Standard Industrial Classifications (ISICs) is increased from 153 to 169 ISICs.
Source : https://legalcentric.com/content/view/136754