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Friday, 17 September 2021 10:58

Special Economic Zone Expected to Accelerate National Economy Recovery

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Coordinating Minister for Economy, Airlangga Hartarto said that investment commitment at 19 Special Economic Zones (SEZ) reached 92.3 trillion rupiahs as of July 2021, and had been realized 32.76 trillion rupiahs. 

Minister Airlangga, during a webinar on SEZ on Monday (13/9), said that the investment in SEZ has created jobs for more than 26 thousand people directly. Then, from January until July, the export from SEZ reached 3.66 trillion rupiahs. 

Meanwhile, until August, 129 business entities had registered their profile into the special app system at the SEZ, in order to receive special facilities after operating in the SEZ. The facilities are exemptions for income tax, added-value tax, luxury goods tax, import duty, import tax, and customs. 

Minister Airlangga also remarked that many facilities given by the government are meant not only to encourage SEZ competitiveness value, but also to increase the production of export-oriented goods that are connected with the global supply chain, so that investors are attracted to invest in the SEZ.

On the same occasion, Minister of Finance, Sri Mulyani hoped the SEZ could attract investment from the country and abroad. So, this can accelerate national economic recovery, which was affected by Covid-19 pandemic.

Minister Sri Mulyani also said, the government, through the National Single Window Agency (LNSW), Tax Directorate General, and Customs & Excises Directorate General, has developed a special app system for SEZ that is expected to improve SEZ value for the investors.

The SEZ app system developed and managed by LNSW has an efficiency function, so business people just need one system for various SEZ services. The system is also easy because it only requires one single document.

In addition, the system is also transparent, because business people, SEZ administrators, customs and excise officers, as well as tax officers can observe the SEZ operation in one system with similar standards.

Through this app, business people operating in SEZ are expected to receive many facilities with ease.

Minister Sri Mulyani also hopes that the IT development in SEZ can improve the 4.0 industry competitiveness value in Indonesia, namely an electronic and automation-based industry.

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