Sri Mulyani Jamin, Safe Business Activities Ahead Of The General Election: There's Nothing To Worry About
BEKASI - Minister of Finance (Menkeu) Sri Mulyani emphasized that the government has a high commitment to ensuring the safety and smooth running of the business world ahead of the 2024 political year.
This was conveyed when he visited an industrial area in Cikarang, West Java today.
"We understand that in the election, usually there is an increasing political temperature. But we have experienced in some cases that the election can still be maintained so that this is not an excuse for the public or investors to worry," he said on Friday, January 27.
According to the Minister of Finance, this is evidenced by the sustainability of a number of incentives provided to entrepreneurs in order to create a conducive business climate in the country.
"Such as to support investment, we will continue to provide facilities such as tax holidays and tax allowances whose criteria have been regulated in government regulations," he said.
The Minister of Finance added that the government also did not fully continue all the fiscal incentives that had been provided during the pandemic in the last three years.
It is stated that only a few are still being maintained because they are considered quite relevant to the economic conditions that are starting to recover.
"Indeed, compared to the pandemic period, various facilities borne by the government were scaled down. In the past, we did that (providing a lot of incentives) because entrepreneurs were in extraordinary stressful situations. Now if we look at almost all companies have recovered," he said.
For information, the government has disbursed at least IDR 19.7 trillion of tax incentives throughout 2022. This figure comes from last year's National Economic Recovery (PEN) budget allocation.
The sectors that enjoy fiscal facilities include affected industries, fulfillment of corporate income tax, PPnBM borne by the automotive sector government, and also property sector VAT.