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5 Technium Soc. Sci. J. 1 (2020)

handle is hein.journals/techssj5 and id is 1 raw text is: N, Technium Social Sciences Journal Vol. 5, 1-11, March 2020 3 ISSN. 2668-7798 OI S IC JOUR13 a' NAL www.techniumscience.com Claiming Incentive Logistics at the Heavy 4th Tuban Cement Project in Indonesia: A Practical Guidance Effnu Subiyanto Widya Mandala Surabaya Catholic University, Indonesia effnu c'iyahoo.com Abstract. This practical research aims to be guidance for investors who intend to claiming projects' incentives offered by Indonesia's government. Many of them failed to claim such incentives due to lack documents fulfillment since preparation, they mostly unaware, when it needed just realized requiring many revisions and finally came to end-rejection. Scope of this paper is in Indonesia for investors who are in preparation-stage to do project investments. It comes to conclude that remodeling logistics' execution can successfully reduce to only 7% of logistics costs or far below than Doing Business' finding. Methodology applied was changing Incoterms to be free on board (FOB) instead of cost and freight (CFR). Keywords. Logistics costs, Investment, Cement project, Incentives Introduction To anticipate future economics' surprise due to rapid economics' growth fueled by national infrastructure's projects, Indonesia today does to adjust many things. The world ranking just released by the Ease of Doing Business (EODB) has been becoming alarm and high attention as the country was targeting to the level 40 to 50 by the end 2021. But in fact, Indonesia's ranking by 2019 was at 73 over 190 countries, only one level below than EODB 2018's achievement, though based on point is 1.42 higher becoming 67.96 than score achieved in 2018. Dwelling time that recorded the lowest score for logistics performance had widely improved. If few years ago stood over 7 days up to weeks to get berth permission while it is only requiring 3 calendar days maximum now. However as Indonesia just recently released that economic growth stood at 5,02% for 2019, many things should be concerning not only dwelling time but also others that possibilities to hindering investment's appetite generally. Recently, a number of several regulations have been released by Government to invite investors. The incentives cover income tax free and tax holiday. According of Minister of Finance Regulation (PMK) No. 35/2018 and Investment Coordinating Board (BKPM) Regulation 5/2018 on Tax Holiday states that the recipients of incentives comprise 17 pioneer industries covering 153 business sectors. The tax holiday is given through three PMKs namely; (1) PMK 130/2011, (2) PMK 159/2015, and (3) PMK 35/2018. PMK 35/2018 is incentive fiscal of investments. It stated that income tax granted for 100% free and can be exempted for 5 years to 15 years and can be extended up to 20 years for strategic projects.

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