Danantara Requests Tax Relief for State-Owned Enterprises

Meeting with Finance Minister Discusses Corporate Actions

Danantara Indonesia, the state-owned enterprise holding company, has formally requested tax relief for BUMN (State-Owned Enterprises) to facilitate their upcoming corporate actions. Finance Minister Purbaya Yudhi Sadewa revealed this during a meeting with Danantara CEO Rosan Roeslani at the Ministry of Finance office on December 3, 2025. The requested tax relief is intended to support various corporate actions including restructuring and consolidation efforts planned by BUMN over the next 2-3 years.

Rationale for Tax Relief

Purbaya explained that the tax relief is considered necessary as many of the planned corporate actions involve transactions between state-owned companies, which could become prohibitively expensive if fully taxed. "If they have to pay all taxes, it would be too costly," Purbaya stated after a working meeting with Danantara and Commission XI of DPR at the Parliament Complex. The minister indicated that while the request is reasonable for the initial period, the government will impose taxes on subsequent corporate actions following the grace period.

Scope of Tax Relief and Future Implications

The proposed tax relief is expected to cover various corporate actions including mergers, acquisitions, and restructuring processes that BUMNs are planning to undertake in the near future. Purbaya emphasized that after the initial 2-3 year period, BUMNs will be subject to standard tax regulations. This conditional tax relief is seen as a temporary measure to support the strategic restructuring of state-owned enterprises under Danantara's management.

Additional Discussions on High-Speed Rail Debt

The meeting between Purbaya and Rosan also covered other significant matters, including the potential involvement of the State Budget (APBN) in addressing the debt issues related to the Jakarta-Bandung High-Speed Rail project. Danantara's CEO mentioned that the discussion was productive and that the Ministry of Finance has shown openness to exploring various fiscal options.

Previous Tax Relief Requests

Purbaya also addressed previous requests from certain BUMNs for tax relief dating back to 2023, stating that these cannot be accommodated as they involve companies that have generated profits and have foreign shareholders. "It's not possible for cases that have already occurred in the past, especially when the companies are profitable and have foreign components," he clarified.