Indonesia's Ministry of Finance has issued Regulation No. 150/PMK.010/2018 of 27 November 2018, which applies from that date and replaces the prior regulation on the tax holiday (exemption) incentive scheme for pioneer industries. One of the main changes is a reduction in the minimum capital investment to qualify for the incentive from IDR 500 billion to IDR 100 million. The investment amounts and the corresponding tax holiday are as follows: IDR 100 billion to less than 500 billion – 50% exemption for 5 years IDR 500 million to less than 1 trillion – 100% exemption for 5 years IDR 1...