Indonesia has published Regulation No. 130/PMK.010/2020, which updates and replaces Regulation No. 150/PMK.010/2018 on the tax holiday (exemption) incentive for pioneer industries. Under the new regulation the primary investment amount conditions, benefits, and terms of the benefits are unchanged, although certain other conditions have been amended. Aside from a minimum investment of IDR 100 billion being engaged in a pioneer industry, the other conditions now include the following: The company must make a new investment for which a decision has never been issued regarding: the tax holiday incentive, whether approved or rejected (existing condition); the provision of income tax incentives...