Indonesia offers incentives to spur setting up of REITs

Indonesia offers incentives to spur setting up of REITs

Indonesia on Thursday announced tax incentives aimed at getting companies to revalue their fixed assets and to create real estate investment trusts (REITs).

The moves are the latest in a series of policy changes the government has been rolling out since last month in a bid to spur economic growth, which has sagged to the lowest level in six years.

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