How Lippo Malls Indonesia Retail Trust LMIR and First REIT is affected by the 10% Income Tax on Earned Income from Land and Building

How Lippo Malls Indonesia Retail Trust LMIR and First REIT is affected by the 10% Income Tax on Earned Income from Land and Building

There is some change in Tax Regulations that on first glance, will affect 2 REITs listed on the SGX. Lippo Malls Indonesia Retail Trust (LMIR), an Indonesian Retail Mall trust that provides a 9.4% dividend yield, announced that the Indonesian Government passed certain amendments to the regulations regarding payment of income tax on income received […] …