Indonesia introduced tax incentives of LED lighting industry

This year, the Indonesian government issued a 2015 Government Regulation No. 18, issued a series of preferential tax policies to attract domestic and foreign investment. First, some business investments in a particular area allowance policy; second is for geothermal, natural gas processing, LED, non-hazardous waste treatment and other green investment industry tax breaks; third is to reduce the corporate income tax rate, the President has approved Djoko the corporate income tax from the current 25% and gradually decreased to 17.5%, but a specific timetable has not been determined.

Indonesia hopes to apply the preferential policies and measures to encourage investment, promote investment growth this year to reach more than 8%, in order to push GDP growth to achieve the desired objectives.

According to the Indonesian Ministry of Finance to disclose, according to Indonesia "2015--2019 in mid-construction and development plan", in the next five years, Indonesia will build 2,650km roads, 1000km highways, 3,258km railway, 24major ports, ferry terminals 60, 15 modern airport, 14 industrial parks, 49 reservoirs, 33 hydropower stations, and the establishment of irrigation systems of one million hectares of farmland is expected to amount to about $ 424.5 billion needed.

Vice-Chairman of the Indonesian Investment Coordinating Board, Danba said, China has achieved in recent years to invest $ 1.5 billion in Indonesia. Which only a year in 2014, reached $ 800 million, an increase of 169%.

It is reported that, 10 years ago, Sino-Indonesian bilateral trade volume $ 16.8 billion, in 2014 reached $ 63.6 billion, nearly quadrupled. By 2014, China's invest non-financial to Indonesia about $ 1.05 billion, ranking first in the 10 ASEAN countries, increase 37.6%. Until on March this year, China's total investment in Indonesia amounted to $ 4.14 billion.