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Law on State Capital (Indonesian: Undang-Undang Ibu Kota Negara/UU IKN) is an omnibus law to relocate capital of Indonesia from Jakarta to Nusantara at East Kalimantan as new capital of Indonesia. [1] The omnibus bill of the law was passed into law on 18 January 2022, [2] [3] and finally commenced on 15 February 2022. [4]
A reduction of tax (credit) is often provided in income tax systems for similar income taxes paid to other countries (foreign taxes). [1] [additional citation(s) needed] This is generally referred to as a foreign tax credit. Amounts in excess of income tax are usually nonrefundable. [2]
The 2023 State Capital Act (Indonesian: Undang-Undang Ibu Kota Negara/UU IKN 2023) is an omnibus bill to amend the previous Law on State Capital, a piece of law to relocate capital of Indonesia from Jakarta to Nusantara at East Kalimantan as new capital of Indonesia.
Jakarta is congested, polluted, prone to earthquakes and rapidly sinking into the Java Sea. Now the government is leaving, and moving the country's capital to the island of Borneo. President Joko ...
Indonesia plans to move its capital city away from congested and sinking Jakarta, to Nusantara, a $32-billion city under construction in the jungles of East Kalimantan on Borneo.
The capital of Indonesia, officially the capital of the Unitary State of the Republic of Indonesia (Indonesian: Ibukota Negara Kesatuan Republik Indonesia), is Jakarta, [1] one of the oldest continuously inhabited cities in Southeast Asia. Jakarta, previously known as Batavia, was the de facto capital of the Dutch East Indies.
Nusantara, [a] officially Nusantara Capital City [1] (Indonesian: Ibu Kota Nusantara, abbreviated IKN), is the future capital city of Indonesia. [2] Located on the east coast of the island of Borneo, the city is founded on partial areas of East Kalimantan regencies of Kutai Kartanegara and Penajam North Paser.
Tax equalization is a policy applied by some international companies under which employees who are hired in one country and later accept a (temporary) assignment in another country do not have their total after-tax ("take-home") compensation changed depending on the tax regimes of the country they move to. If the employee is assigned to a ...