The Indonesian Government has announced the enactment on 31 March 2020 of Government Regulation (in Lieu of Law) No. 1 of 2020. The regulation includes measures in response to the COVID-19 pandemic, including budget and tax reform measures. The main tax reform measures include the following: The corporate tax rate is reduced to 22% for the 2020 and 2021 fiscal years, with a further reduction to 20% from 2022; For publicly listed companies with a minimum of 40% of shares held by public investors, the corporate tax rate is further reduced by 3%, with further conditions to be issued; and...