Indonesia's House of Representative has enacted the new Taxation Arrangements and Procedures Bill on 19 June 2007. Further details of the new law will be reported shortly. Lower tax rates for listed companies The corporate tax rate is 30%. Currently, listed companies are granted an incentive in the form of lower tax rates as follows: -   28%, if 30% of the shares are owned by public; and -   25%, if 40% of the shares are owned by the public. -     This incentive is also available to a new company provided it meets the stated requirements. The...