The Regency of Badung in South Bali is granting a “tax holiday” on the 10% hotel and restaurant tax for IMF-World Bank delegates during their October 8-14 meeting.
The world’s biggest bankers and investment gurus will be given a hotel tax break when they arrive in Bali for the International Monetary Fund (IMF) – World Bank Conference.
The Regency of Badung in South Bali is granting a “tax holiday” on the 10% hotel and restaurant tax for IMF-World Bank delegates during their October 8-14 meeting.
However, the move has created confusion among Nusa Dua hotels, many of whom have already accepted payment, including the tax, for rooms to be occupied by conference delegates.
The Badung Regency covers Nusa Dua where the conference will take place.
The Indonesian Ministry of Finance, local media reported, has approved the tax break.
In total, 14 hotels used by conference delegates will be given the 10% tax exemption on their expenditures in the hotel.
Ahead of the World Bank conference, Indonesia has widened the Denpasar airport taxiway, built an underpass near the airport, placed heavy security around the Nusa Dua complex and will restrict local traffic in the area for the duration of the event.