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Indonesia Proposes Tax Incentives For 'Green' Companies

by Mary Swire, Tax-News.com, Hong Kong

21 December 2010


Indonesia’s Environment Ministry and the Directorate General of Taxation have disclosed that it is planned for tax incentives to be given to companies that utilise green technology.

The government has, for some time, used a rating system to signify whether individual companies are willing to address their role in environmental pollution. On one side, a ‘red’ or ‘black’ category means that a company has been unwilling to abide by, or has violated, Indonesia’s environmental regulations, and, on the other, a ‘green’ company is one that has fully complied.

To encourage a greater adherence to those regulations, the Environment Minister, Gusti Muhammad Hatta, has now said that ‘green’ companies will be provided with, as yet unspecified, tax incentives. Such companies will also be able to access finance more easily from banks, which will need to be aware of a business’ environmental category before granting credit.

TAGS: environment | compliance | tax | business | tax incentives | Indonesia

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