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Indonesia fact sheet

Southeast Asia’s largest economy and the world's fourth most populous country with 275 million people. The country boasts a growing number of startups achieving unicorn status.

About Indonesia

275.1 million

275.1 million

Population size

31.1 years

31.1 years

Median age

Jakarta

Jakarta

Capital

Indonesian rupiah (IDR)

Indonesian rupiah (IDR)

Currency unit

53.7%

53.7%

Internet penetration rate

130.1%

130.1%

Mobile penetration rate

Further resources

Economic zones
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118 Industrial Parks
15 Special Economic Zones (SEZs)
4 Free Trade Zones (FTZ)
10 Tourism Zones

Import duty facility

  • Two years' import duty exemption, or directly apply for four years for companies using locally produced machines (minimum 30 per cent).
  • Applies to industries that produce goods and/or services, including tourism and culture, public transportation, public health services, mining, construction, telecommunications, ports.

Tax allowance

  • Deduction of 30 per cent of total investment value, carried over six years (5 per cent per year).
  • Applies to 183 business fields.

Tax holiday

  • 100 per cent CIT reduction for five to 20 years.
  • Minimum investment value of IDR 500 billion.
  • Applies to 18 pioneer industries.

Mini tax holiday

  • 50 per cent CIT reduction for five years.
  • Minimum investment value of IDR 100 billion up to under IDR 500 billion for pioneer industries.

Super deduction tax

  • 200 per cent deduction for HR development and vocational training.
  • 300 per cent deduction for R&D.
  • 60 per cent incentives of investment allowance for labour-intensive industries.

World Economic Outlook (October 2021); World Bank; UNESCO Institute of Statistics, Indonesia’s Badan Pusat Statistik (Central Bureau of Statistics); Asian Development Bank; Badan Koordinasi Penanaman Modal (BKPM)

This fact sheet is given on a general basis without obligation and is strictly for information only. Nothing in this fact sheet constitutes accounting, legal, regulatory, tax or other advice. This fact sheet is not intended as an offer, recommendation, solicitation, or advice to purchase or sell any investment product, securities or instruments. Although reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this fact sheet, UOB and its employees make no representation or warranty, whether express or implied, as to its accuracy, completeness and objectivity and accept no responsibility or liability for any error, inaccuracy, omission or any consequence or any loss or damage howsoever suffered by any person arising from any reliance on the information in this fact sheet.

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