Indonesia has published Regulation No. 69 of 2024, which extends the tax holiday (exemption) incentive for pioneer industries as regulated by Regulation No. 130/PMK.010/2020. As previously reported, Regulation No. 130/PMK.010/2020 updated and replaced Regulation No. 150/PMK.010/2018, including an extension of the incentive for proposals submitted up to 9 October 2024. This has now been extended until 31 December 2025 with certain amendments. One of the key amendments is in relation to the Pillar 2 global minimum tax, including that taxpayers benefiting from the incentive that fall within the scope of the laws and regulations regarding the imposition of global minimum...