The Indonesian government is working to improve the country's investment climate and services through reforms at the Indonesia Investment Board (BKPM). Three priority reform areas are: 1) Improving business licensing by establishing a one-stop service center. 2) Debottlenecking investment realization by solving issues for companies worth $99 billion. 3) Developing the investment climate by improving fiscal (e.g. tax allowances) and non-fiscal facilities (e.g. reducing permit processing time). The goal is to make Indonesia one of the most attractive investment destinations globally and ease the main concerns of investors.
Newsletter on daily professional updates- 11th December 2019CA PRADEEP GOYAL
If you think education is expensive,
try estimating the cost of ignorance
Here is your Daily dose of professional updates in newsletter form- 11th December, 2019
Newsletter on daily professional updates- 16/01/2020CA PRADEEP GOYAL
“Education is the passport to the future,
for tomorrow belongs to those who prepare for it today.”
Here is your Daily dose of professional updates 16.01.2020
New Economic Zones could be a major driver of economic growth and job creation and could be a major factor in lifting Bangladesh into a middle-income country status by 2021.
BEZA was established to facilitate the development and operation of the economic zones throughout the country. The main objective of BEZA is to act as a change agent for faster economic growth by creating investment friendly environment and attracting FDI. We are encouraging private sector to establish economic zones. We are devoted to offer One-Stop Services and competitive incentive packages to the investors.
Newsletter on daily professional updates- 11th December 2019CA PRADEEP GOYAL
If you think education is expensive,
try estimating the cost of ignorance
Here is your Daily dose of professional updates in newsletter form- 11th December, 2019
Newsletter on daily professional updates- 16/01/2020CA PRADEEP GOYAL
“Education is the passport to the future,
for tomorrow belongs to those who prepare for it today.”
Here is your Daily dose of professional updates 16.01.2020
New Economic Zones could be a major driver of economic growth and job creation and could be a major factor in lifting Bangladesh into a middle-income country status by 2021.
BEZA was established to facilitate the development and operation of the economic zones throughout the country. The main objective of BEZA is to act as a change agent for faster economic growth by creating investment friendly environment and attracting FDI. We are encouraging private sector to establish economic zones. We are devoted to offer One-Stop Services and competitive incentive packages to the investors.
Objectives of BEZA, Why Bangladesh is your optimal
Destination for investment
How Bangladesh is attractive ,BEZs are Regionally Competitive…, Incentives for Unit Investors,Non-Fiscal Incentives, Comparative Income tax/ Corporate Tax exemption for Developer,Potential Sectors For Investment In Economic Zones,BEZA accomplished in the last one year several milestones …Status of Private EZs Development
Newsletter on daily professional updates- 6th September 2019CA PRADEEP GOYAL
The greater our knowledge increases, the greater our ignorance unfolds
Here is your Daily dose of professional updates in newsletter form- 6th September 2019
How to setup manufacturing in india rcic.incasilicaseo
India is increasingly becoming the preferred location for businesses looking to set up a strong business foothold, especially in the Asia-Pacific region. The reasons for this could be manifold.
Newsletter on daily professional updates- 1st January 2020CA PRADEEP GOYAL
"Knowledge is the eye of desire and
can become the pilot of the soul"
Here is your Daily dose of professional updates 01.01.2020
Wish you and your family a very health & happy new year.
The presentation focuses on the Foreign Contribution (Regulation ) Act, 2010, while also covering various Compliances and Reporting Timelines for the Not for Profit Sector under Maharashtra Public Trusts Act, 1950, Lokpal and Lokayuktas Act, 2013 and Income Tax Act, 1961. It also explores the various ways in which an NGO can be established in India with comparison between the same. Lastly, it subsumes the developments in the ambit of Not for profit Organizations including NITI Aayog’s NGO Darpan through which NGOs can apply for Government Grants.
India is currently the world's fastest growing economy, with a rising middle class fueling aspirations for growth it is no surprise that investors would be looking to invest in India. India offers a great opportunity with its labour pool, market size, low cost base. There are also challenges in the form of complex tax and regulatory structure and many fold compliances to be taken care of. This presentation aims to guide the investor looking at India and educate them on the options before them.
Newsletter on daily professional updates- 17/01/2020CA PRADEEP GOYAL
Be a lifelong student.
The more you learn, the more you earn
and the more self-confidence you will have
Here is your Daily dose of professional updates 17.01.2020
Cambodia a newly emerged South East Asia Country, the effort of the government to liberalize the international trade with the rest of the world. The Cambodia has their own advantage compared to other countries
Newsletter on daily professional updates- 1st November, 2019CA PRADEEP GOYAL
“Unless you try to do something beyond what you have already mastered, you will never grow.”
Daily Newsletter of professional updates dated 1st November 2019
Union Budget 2014 is an earnest commencement to the economic agenda laid down by the government signifying the intent of kick starting capital spending both in public & private sector.
It is heartening to see the budget in pursuit of fiscal prudence with a focused objective to simplify tax administration in order to advance the ease of doing business.
BDO India LLP brings an overview of key changes from a tax and regulatory perspective and its impact on the economic trajectory.
Objectives of BEZA, Why Bangladesh is your optimal
Destination for investment
How Bangladesh is attractive ,BEZs are Regionally Competitive…, Incentives for Unit Investors,Non-Fiscal Incentives, Comparative Income tax/ Corporate Tax exemption for Developer,Potential Sectors For Investment In Economic Zones,BEZA accomplished in the last one year several milestones …Status of Private EZs Development
Newsletter on daily professional updates- 6th September 2019CA PRADEEP GOYAL
The greater our knowledge increases, the greater our ignorance unfolds
Here is your Daily dose of professional updates in newsletter form- 6th September 2019
How to setup manufacturing in india rcic.incasilicaseo
India is increasingly becoming the preferred location for businesses looking to set up a strong business foothold, especially in the Asia-Pacific region. The reasons for this could be manifold.
Newsletter on daily professional updates- 1st January 2020CA PRADEEP GOYAL
"Knowledge is the eye of desire and
can become the pilot of the soul"
Here is your Daily dose of professional updates 01.01.2020
Wish you and your family a very health & happy new year.
The presentation focuses on the Foreign Contribution (Regulation ) Act, 2010, while also covering various Compliances and Reporting Timelines for the Not for Profit Sector under Maharashtra Public Trusts Act, 1950, Lokpal and Lokayuktas Act, 2013 and Income Tax Act, 1961. It also explores the various ways in which an NGO can be established in India with comparison between the same. Lastly, it subsumes the developments in the ambit of Not for profit Organizations including NITI Aayog’s NGO Darpan through which NGOs can apply for Government Grants.
India is currently the world's fastest growing economy, with a rising middle class fueling aspirations for growth it is no surprise that investors would be looking to invest in India. India offers a great opportunity with its labour pool, market size, low cost base. There are also challenges in the form of complex tax and regulatory structure and many fold compliances to be taken care of. This presentation aims to guide the investor looking at India and educate them on the options before them.
Newsletter on daily professional updates- 17/01/2020CA PRADEEP GOYAL
Be a lifelong student.
The more you learn, the more you earn
and the more self-confidence you will have
Here is your Daily dose of professional updates 17.01.2020
Cambodia a newly emerged South East Asia Country, the effort of the government to liberalize the international trade with the rest of the world. The Cambodia has their own advantage compared to other countries
Newsletter on daily professional updates- 1st November, 2019CA PRADEEP GOYAL
“Unless you try to do something beyond what you have already mastered, you will never grow.”
Daily Newsletter of professional updates dated 1st November 2019
Union Budget 2014 is an earnest commencement to the economic agenda laid down by the government signifying the intent of kick starting capital spending both in public & private sector.
It is heartening to see the budget in pursuit of fiscal prudence with a focused objective to simplify tax administration in order to advance the ease of doing business.
BDO India LLP brings an overview of key changes from a tax and regulatory perspective and its impact on the economic trajectory.
Bureaucratic Reform through Implementation of Admission Selection for Public ...teguh kurniawan
Presentasi Setiawan Wangsaatmaja & Teguh Kurniawan pada "1st KF-KRI Regional Policy Workshop on State Capacity for Public Sector Reform for National Growth", Phnom Penh, Cambodia, 24 April 2015
How to Become a Thought Leader in Your NicheLeslie Samuel
Are bloggers thought leaders? Here are some tips on how you can become one. Provide great value, put awesome content out there on a regular basis, and help others.
India Inc. endorses Government’s Speed of Decision making and Implementation Agenda. Sumit Mazumder, President, CII, addressed CII's first Press Conference on its National Agenda 2015-16. Since coming to power in May 2014, the new government has adopted several measures to generate positive sentiment about the Indian economy. CII’s theme for the year is to Build India: Invest in Development. This would involve CII’s engagement in four broad areas: promoting growth and competitiveness, developing human capital, promoting infrastructure investments encouraging social development. CII is involved in three national missions – on smart cities, on digital India and on Sanitation in schools. CII is working with central, state and local governments for the successful implementation of these missions.
The present situation of foreign direct investment in Bangladesh comes next in the report. This part shows us foreign direct investment in Bangladesh is increasing gradually though still not up to the satisfactory level with some necessary statistics. The foreigners perceive Bangladesh as a country of natural disaster and political instability which is another reason for the low flow of invest able funds.
Attached is a presentation on the Budget and the Budget speech.
Attached is a presentation on the Budget and the Budget speech.
Attached is a presentation on the Budget and the Budget speech.
U.S. Gandhi Budget 2015 - 2016 AnalysisKunal Gandhi
Rarely has there been a budget as highly anticipated as this one.
Coming on the heels of the defeat of the ruling BJP in the recent Delhi elections, there were expectations that the original ‘Maximum governance, minimum government’ model would give place to a more populist agenda.
India Inc on the other hand expected improving the ease of doing business and a more rational tax regime.
While Corporate tax was lowered and Wealth tax was abolished, a major theme in the budget was creating a social security framework. Targeting a GDP growth rate of 8 – 8.5%, the budget plans to keep the deficit to within 3.9% of GDP by laying special emphasis on infrastructure development with a major spend budgeted on Road building.
All in all, though there were no big bang reforms, the budget 2015 was a good mix of Pragmatism and Populism. We are optimistic about growth and believe a lot more reforms are expected in the coming 3 years.
An overview of the Indian Union Budget 2014-15 by ValueNotes Research - spending; borrowing; subsidies; revenues; direct & indirect tax; and its impact on sectors such as automobiles, BFSI, FMCG, IT, mining, infrastructure, capital goods, oil & gas, real estate, manufacturing, and power
An overview of the Indian Union Budget 2014-15 by ValueNotes Research - spending; borrowing; subsidies; revenues; direct & indirect tax; and its impact on sectors such as automobiles, BFSI, FMCG, IT, mining, infrastructure, capital goods, oil & gas, real estate, manufacturing, and power
2. REFORMS IN INDONESIA
INDONESIA, THE LARGEST ECONOMY IN SOUTHEAST ASIA, IS NOW BECOMING ONE OF
THE MOST ATTRACTIVE INVESTMENT DESTINATION IN THE WORLD
IN THE LAST 5 YEARS, THE TOTAL OF INVESTMENT REALIZATION IN THE G-20 MEMBER
STATE INCREASED BY 22.4% IN AVERAGE, REACHED US$43BILLION LAST YEAR
3. REFORMS IN INDONESIA
HOWEVER, THE GOVERNMENT IS AWARE THAT DOING BUSINESS IN THE
WORLD´S LARGEST ARCHIPIELAGIC NATION IS NOT THE EASIEST.
AMONG THE MAIN CONCERNS OF INVESTORS IN INDONESIA ARE:
QUALITY INFRASTRUCTURE AND LOGISTICS COSTS
INEFFICIENT BUSINESS LICENSING,
CORRUPTION
REGULATION
POLICY ISSUES
LABOR ISSUES
4. REFORMS IN INDONESIA
THE GOVERNMENT RECOGNIZED THESE ISSUES, AND NOW IS
WORKING THROUGH AN AGENCY, THE INDONESIA INVESTMENT
BOARD (BKPM), TO IMPLEMENT THREE REFORM PRIORITIES:
1. THE IMPROVEMENT OF BUSINESS LICENSING
2. THE DEBOTTLENECKING OF INVESTMENT REALIZATION
3. THE DEVELOPMENT OF INVESTMENT CLIMATE BY IMPROVING BOTH FISCAL AND
NON-FISCAL FACILITIES
6. REFORMS IN INDONESIA
1. THE IMPROVEMENT OF BUSINESS LICENSING
BY INAUGURATING THE NATIONAL ONE-STOP INTEGRATED SERVICE (OSS) CENTER,
FOR INVESTMENT AT THE BKPM EARLIER THIS YEAR
INVESTORS CAN NOW PROCESS INVESTMENT LICENSES AT BKPM WITHOUT
HAVING TO LIAISE WITH OTHER MINISTRIES/ INSTITUTIONS
THIS ALLOWS AUTHORITIES TO REDUCE PROCESS TIME, SYNCHRONIZE
PROCEDURES, AVOID AUTHORITY OVERLAP, AND ELIMINATE RED TAPE.
7. REFORMS IN INDONESIA
COST OF DOING BUSINESS
COST OF DOING BUSINESS IN INDONESIA SOURCES FROM DOING BUSINESS REPORT
2014, A STUDY ELABORATED BY THE WORLD BANK GROUP TO MEASURE THE COSTS
TO FIRMS OF BUSINESS REGULATIONS AND THEIR ENFORCEMENT ACROSS 185
ECONOMIES AND SELECTED CITIES AT THE SUBNATIONAL AND REGIONAL LEVEL.
TO HAVE PERSPECTIVES ON BUSINESS RELATED REGULATIONS AND COST UPON
DOING BUSINESS IN INDONESIA, PLEASE VISIT EASE OF DOING BUSINESS IN
INDONESIA 2014
Office Lease Cost
Manpower Cost
Fuel Cost
Water Tariff
Electricity Cost
8. REFORMS IN INDONESIA
2. THE DEBOTTLENECKING OF INVESTMENT REALIZATION
RECENTLY, BKPM HAD SOLVED A NUMBER OF PROBLEMS HAMPERING INVESTMENT OF 22
COMPANIES WORTH US$ 99 BILLION, OUT OF 88 COMPANIES UNDER FACILITATION SINCE LAST
YEAR
THE ISSUES ARE MAINLY RELATED TO:
Land acquisitions
Misuse of permits
Supply of raw materials
Cooperation contracts
Tax regulation
9. REFORMS IN INDONESIA
2. THE DEBOTTLENECKING OF INVESTMENT REALIZATION
IN ADDITION, THE BOARD IS ALSO STRENGHTENING ITS END-TO-END SERVICE FOR
INVESTORS, FROM IDENTIFYING AND EXPLORING INVESTMENT INTERESTS,
FACILITATING INVESTORS TO OBTAIN PRINCIPAL LICENSE, TO REALIZING THEIR
INVESTMENT PLANS
10. REFORMS IN INDONESIA
3. THE DEVELOPMENT OF INVESTMENT CLIMATE BY IMPROVING
BOTH FISCAL AND NON-FISCAL FACILITIES
INDONESIA OFFERS FISCAL FACILITIES FOR INVESTORS, AMONG OTHER THINGS, IN FORMS
OF :
IMPORT DUTY FACILITY
TAX ALLOWANCE
TAX HOLIDAY
THE GOVERNMENT AIMS TO
REDUCE THE INVESTMENT LICENSE PROCESSING TIME TO MÁXIMUM 15 DAYS FOR EACH
TYPE OF PERMIT
REDUCE STARTING-A-BUSINESS PRODEDURE FROM SEVEN TO ONLY FIVE STEPS
11. REFORMS IN INDONESIA
Import Duty Facility Regulation of The MoF No. 176/PMK.011/2012
(amandement Regulation of The MoF No. 176/PMK.011/2009)
Facility
o Exemption from import duty on the import of machines, goods and materials for production for a period of 2 years.
o Import duty facility for a period of 4 years is granted to a company using locally-produced machines at least 30% of the total value of machines for its production.
Criteria
o Import duty facility is granted to a company industrial sector which produces:
o Goods and/or
o Services, including :
o Tourism and culture
o Public transportation
o Public health services
o Mining
o ConstructionTelecommunication
o Port
o Import duty facility may be granted to the extent that the machines, goods and materials:
o are not produced in Indonesia;
o are produced in Indonesia but the they do not meet the required specifications;
o are produced in Indonesia but the quantity is not sufficient for the need of the industry
INVESTMENT
INCENTIVES
12. REFORMS IN INDONESIA
TAX ALLOWANCE GOVERNMENT REGULATION NO.144 YEAR 2012
(AMANDEMENT GOVERNMENT REGULATION NO.52 YEAR 2011)
Reduction of net income of 30% (thirty percent) of the investment, charged for 6 (six)
years respectively at 5% (five percent) each year.
Eligible for 129 business segments since 2011, expanded from 38 segments in the
previous regulation.
Under centain requirements, among others: minimum amount of investment value
and workforce, and certain project location (especially outside Java island).
Accelerated depreciation and amortization,
Imposition of income tax on dividends which paid to foreign tax subject of 10% (ten
percent), or a lower rate according to the avoidance of double taxation agreement,
and
Compensation losses longer than 5 (five) years but not more than 10 (ten) years with
the certain conditions (can be seen in the regulation)
INVESTMENT
INCENTIVES
13. REFORMS IN INDONESIA
TAX ALLOWANCE GOVERNMENT REGULATION NO.144 YEAR 2012
(AMANDEMENT GOVERNMENT REGULATION NO.52 YEAR 2011
INVESTMENT
INCENTIVES
14. REFORMS IN INDONESIA
TAX HOLIDAY REGULATION OF THE MOF NO. 130/PMK.011/2011
Facility
o A taxpayer can be granted a tax relief facility for a period of between 5 and 10 years, starting from the commencement of its commercial production.
o After the expiration of the tax holiday, the taxpayer will be entitled to an income tax reduction of 50% for a further2 years.
o By considering the purpose of maintaining the competitiveness of national industries and the strategic value of certain business activities, the duration of the tax relief and
reduction can be extended based on a decision by the Minister of Finance .
Criteria
o Constituting a pioneer industry:
o Basic metal industries;
o Oil refinery industries and/or basic organic chemicals originating from oil and natural gas;
o Machinery industries;
o Industries in the field of renewable resources;
o Communication devices industries.
o Having a new investment plan having obtained the approval of competent authorities in a minimum amount of IDR 1 trillion (USD 100 million).
INVESTMENT
INCENTIVES
15. REFORMS IN INDONESIA
THE AGENCY ENCOURAGE INVESTMENT IN KEY SECTORS, ACCORDINGLY WITH THE
GOVERNMENT´S WORK PROGRAM, NAMELY: INFRASTRUCTURE; MANUFACTURING;
MARITIME ; TOURISM, SPECIAL ECONOMY ZONE (SEZ), AND INDUSTRIAL PARKS