Indonesia has published Government Regulation No. 55 of 2019, which came into force on 12 August 2019 and provides for a reduction of the income tax rate on bond income received by collective investment contracts in the form of infrastructure investment funds, real estate investment funds, and asset-backed securities recorded at the Financial Services Authority. This includes that income received in the form of interest or discount on bonds by such collective investments is subject to a 5% tax rate through 2020 and subject to a 10% rate from 2021. The reduced rates also apply for bond income received by...