Purbaya Pledges Tax Incentives for Bali IFC Investors

12 hours ago 3

TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa has promised tax exemptions for global investors in the Special Economic Zone (SEZ) for Finance, or the International Financial Center (IFC), in Bali. Through this incentive, the government expects to attract investors to hold their assets in Indonesia and stimulate capital inflows.

"If they ask for zero percent, I will give it to them. With that, zero is no problem, as long as the money enters. This can also help strengthen our foreign exchange reserves," he said during a press briefing at the Ministry of Finance in Jakarta on Monday, May 4, 2026.

By offering tax exemptions on investor assets, Purbaya hopes investors will purchase government bonds, thereby reducing market pressure. "This way, the supply of our bond buyers will increase," he said.

Purbaya stated that this strategic step will soon be realized. The Ministry of Finance is collaborating on the IFC development with the Coordinating Ministry for Economic Affairs and Danantara (Sovereign Wealth Fund). Regarding the incentives, he noted that they will be implemented according to international standards.

The government is accelerating the development of the financial center in Bali. This commitment was highlighted during a working visit on May 1 by the Coordinating Minister for Economic Affairs and Chairman of the National SEZ Council, Airlangga Hartarto, alongside Investment Minister Rosan Roeslani and Danantara Chief Operating Officer Dony Oskaria.

According to the Coordinating Ministry for Economic Affairs website, the officials assessed the readiness of the IFC development. Airlangga stated that the review serves as a follow-up to directives from President Prabowo Subianto.

He also emphasized that the government is finalizing regulations for the Financial Sector SEZ in Bali. The zone is designed to accommodate various financial center requirements, ranging from management schemes to facilities intended to attract global investors.

Read: Finance Minister Says Domestic "Noise" Drives Rupiah Weakness

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