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8/25/11

Mutual Fund 9.02% Sinarmas mastered ELTY?

Jakarta - The Investment Coordinating Board (BKPM) believes the liability of investors to save at least 10 percent of its investment in the national banking sector to obtain the release of Income Tax (VAT) Agency or better known as tax holidays.

"It will not hesitate, I think they are not a problem with this existence," said Karim Silmi BKPM expert staff in Jakarta, Thursday (25/08/2011).
According Silmi, granting tax incentives to increase the interest of investors who may still undecided who want to increase investment in Indonesia.
"Maybe because the return is far from expectations and others that we have to be sure when to give this facility if it was really investors who can avail of this facility is not a party to such a broker," he explained.
For that with these requirements, further Silmi, will be obvious purpose of investors in invest in Indonesia.
"With this requirement we want to filter just the goal. It also had concerns that the tax holiday would reduce this tax to charge it also means there is no certainty that the investment will last for the long term, will provide added value," he concluded.
Previously, the agency said five companies had submitted a request that the tax incentives Tax relief agencies (tax allowance) or the Income Tax relief agencies (tax holiday).
BKPM head Wirjawan Gita mentions there are 5 companies that have requested tax facilities, tax holidays and tax allowances.
The five companies are Caterpillar which has a total investment of U.S. $ 1 / 2 billion or approximately USD 500 billion, Posco has an investment value of U.S. $ 6 billion or Rp 60 trillion, Kuwait Petroleum Corporation (KPC) with a total investment of U.S. $ 6-7 billion or Rp 60-70 trillion, then Indorama synthetic Tbk, which has an investment of around U.S. $ 300-500 million or Rp 500 billion, and Hancook which has an investment of U.S. $ 353 million.
"So it is already delivering," said Gita some time ago.
sumber: detik.com
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