Indonesia to junk land tax for geothermal energy exploration next year

Firms still exploring are to get 100% reduction in land tax.

Indonesia will remove a land tax for companies exploring for geothermal energy resources next year, according to a finance ministry regulation signed last week.

The decree, which was uploaded to the ministry's website on Thursday (24/11), cited that any company that holds a permit for a geothermal business and is still in an exploration stage can receive a 100 percent reduction in land tax every year for up to seven years.

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