The government grants super tax deduction incentives for research and development (R&D) activities. The incentive is beneficial to reduce gross income for thorough research and development activities in Indonesia regulated by the Minister of Finance Regulation (PMK) No. 153 of 2020.
Plt. Deputy for Strengthening Research and Development, Ministry of Research and Technology / National Agency for Research and Innovation, Dr. Muhammad Dimyati, conveyed that a super tax deduction is a form of government assistance for the industry in supporting research and development activities in universities. The material of fiscal facilities for research and development activities aims to increase the national research budget, boosting economic growth.
“This super tax deduction is considered an effort to develop the innovation research ecosystem, particularly in the context of research expense,” he said on Wednesday (2/12) in the 2020 Industrial Research Forum webinar: Creating a Special Economic Zone for the Medicine, Medical Devices, Cosmetics, and Functional Halal Food Industry organized by UGM.
Besides, these incentive grants intend to enhance the private sector’s contribution to research and development activities. Then, increase national competitiveness, strengthen technology-based industrial growth, and expand collaboration between industry players and science and technology developers.
Dimyati also added that providing incentives hopefully can create the stabilities of fiscal sustainability and economic growth.
“The goal of providing super tax deduction facilities is to provide funds on research and innovation from non-APBN (industrial) sources. Besides, encouragign industrial cooperation with PT/Lemlitbang to facilitate further the consummation of the downstream and commercialization of the innovation research results,” he explained.
Meanwhile, UGM Rector, Prof. Ir. Panut Mulyono, M.Eng., D.Eng., IPU., ASEAN., Eng., said UGM embraced the government’s regulations to support research and development activities. Hopefully, throughout this industrial research forum, there will be consistency and enthusiasm in industry players conducting research and development activities by employing the super tax deduction facility.
“Thanks to lecturers, researchers, and industry for supporting UGM to consistently innovate to stimulate the creation of social welfare and develop the nation’s competitiveness,” he said.
On the occasion, UGM also signed two cooperations with Deltomed Laboratories and PT Filipina Antiviral Indonesia Pharmaceutical. Furthermore, UGM also launched a book entitled Institutionalizing Experience of Innovation.
