Indonesia has published Regulation No. 237/PMK.010/2020 on tax incentives for companies in special economic zones (SEZs). The regulation provides two main incentive facilities for qualifying companies operating in SEZs, including a corporate income tax reduction facility and income tax facilities for investments in certain sectors or regions. The incentive facilities are available subject to certain conditions, and in no case may both facilities be granted. The corporate income tax reduction facility is a 100% reduction in corporate income tax, which may be granted for companies investing at least IDR 100 billion as follows: For a 10-year period if the total...