Tax incentives offered at special economic zones

The Jakarta Post , Jakarta | Tue, 11/24/2009 1:44 PM

The government is offering tax incentives to investors who wish to open business in five special economic zones across the country.

Industry Minister Mochammad Suleman Hidayat said Tuesday the special economic zones in question were located in Riau Islands, eastern part of Sumatra, East Kalimantan, north coast of Java and Papua.

“The incentives are necessary to make people come [to invest]. We have only decided on the designated zones,” Hidayat told kompas.com after a limited Cabinet meeting on the economy.

He added the economic zones were chosen due to relatively adequate infrastructure that is in place there.