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More and more processes are being shifted online as this, generally, allows processes to become more efficient and easier to complete. This also applies to Indonesia's tax office. Over the past couple of years, tax can be filed online by legal entities and individuals. However, before an individual of company can file the tax online, he - or it - first needs to obtain an Electronic Filing Identification Number (EFIN).
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In the coming 2-5 years, Indonesia is moving forward ambitiously with many energy projects planned from upstream to mid and downstream. Billions of dollars will be invested into upstream oil & gas, coal-gasification, refinery, storage facilities and petrochemical/chemical plants.
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The 5th ASEAN Refining and Petrochemical Forum is set to gather global and regional leadership speakers and brightest minds from the refining and petrochemical industry to discuss and address those issues and challenges facing the whole industry. It is a perfect platform and stage for regional and Indonesian policy makers and regulators, refiners and petrochemical producers, project financing and investors and technology licensors and suppliers to network for business relation.
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Based on data from the Indonesia Investment Coordinating Board (BKPM), total direct investment realization in full-year 2018 reached IDR 721.3 trillion, up 4.1 percent compared to the preceding year. However, it means that the government’s investment target of IDR 765 trillion was not achieved.
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The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer.
