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APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.


	
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Textile Industry Tax Reduction Incentives Are Considered Inappropriate PDF Print E-mail
Written by Maizer   
Wednesday, 10 July 2019
Super deduction tax incentives are considered to be less targeted for the textile industry. Market certainty is needed by actors in this sector.

 

Redma Gita Wirawasta, Secretary General of the Indonesian Fiber and Thread Filament Association (APSyFI), said that investment in the textile and textile products (TPT) sector will flourish if the government limits imports and provides domestic markets.

 

Because, now manufacturers are reluctant to expand because the domestic market absorption is lacking due to the flood of imported products.

 

"Provided a tax incentive of up to 300%, but can't sell it, why? We better not get any fiscal incentives, but we can sell it," he said in Jakarta.

 

Redma stated that before the super deductible tax incentive, the government has provided tax incentives in the form of tax holidays and tax allowances. However, there are not many TPT industry players who utilize these incentives.

 

According to him, the main problem in the textile sector is not the lack of incentives, but imports that are not controlled so that national textile products lose the domestic market.

 

As is known, the government finally issued a legal umbrella for super tax deduction policies or super deduction tax. The incentive policy is stated in Government Regulation (PP) Number 45 of 2019 concerning Calculation of Taxable Income and Repayment of Income Taxes in the Current Year.

 

The new regulation is a change to PP No. 94 of 2010 and regulates the reduction of gross income up to 200% for industries that hold vocations and up to 300% for industries that carry out research and development activities. One of the objectives of this policy is to encourage investment in labor-intensive industries.

 

 

 

 
		
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