Jakarta, May 31 -- Finance Minister Purbaya Yudhi Sadewa announced up to 0 percent tax incentives for businesses who comply with the government's regulation for managing foreign exchange proceeds from natural resources exports (DHE SDA) in the domestic financial system.

Under the regulation, the government requires natural resource exporters to deposit 100 percent of their foreign exchange proceeds into the Indonesian financial system or repatriate them with a 100 percent compliance rate.

"The government provides tax incentives for exporters who comply with placing their DHE SDA domestically. This includes lower Income Tax (PPh) rates compared to regular (investment) instruments," Purbaya stated in Jakarta on Sunday.

He said that the t...