According to recent reports, the Indonesia government is finalizing legislation to be introduced in parliament in December 2019 to implement several tax reforms. As compared to the plans announced in September ({News-2019-09-09/P/4-previous coverage}), the Minister of Finance has provided additional details on the planned corporate tax rate cuts, which includes a reduction in the rate from 25% to 22% for 2021 and 2022, with a further reduction to 20% from 2023. The reduced rate for listed companies would also be reduced, with a reduction from 20% to 19% for 2021 and 2022 and reduction to 17% from 2023. The government...