Jakarta, 17 June 2021— The Tourism Special Economic Zone MNC Lido City owned by PT MNC Land Tbk (KPIG) through its subsidiary PT MNC Land Lido, has officially received the status of a Special Economic Zone (SEZ) for Tourism through Government Regulation (PP) No. 69 of 2021 dated 16 June, signed by the President of the Republic of Indonesia, Joko Widodo. An area of 1,040 ha, SEZ MNC Lido City is located in Bogor Regency, within the Greater Jakarta area.
With the issuance of this government regulation, practically all investors and business actors in the SEZ MNC Lido City enjoy incentives attached to special economic zones, such as tax incentives in the form of Value Added Tax (VAT) exemption, Luxury Goods Sales Tax (PPnBM), Corporate Income Tax, Excise, and Import Duties, as well as various benefits for investors related to goods traffic, employment, immigration, land, and spatial planning, business permits, and/or other facilities and relaxation. SEZ MNC Lido City, which KPIG wholly owns, is a world-class entertainment hospitality.
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