Indonesia has published Regulation No. 30 of 19 June 2020, which regulates the conditions for the 3% corporate tax rate reduction introduced for companies publicly listed on the Indonesia Stock Exchange that was introduced as part of measures in response to COVID-19. In connection with a general reduction in the corporate income tax rate, this results in rates of 19% for 2020 and 2021 (22% standard rate) and 17% from 2022 (20% standard rate). The basic condition for the rate reduction is that a minimum of 40% of the company's shares are held by public investors. Regulation No. 30 provides...