REPUBLIKA.CO.ID, JAKARTA -- Finance Minister Bambang Brodjonegoro said the government plans to extend the validity of tax holiday to 15 years from a maximum of 10 years at present.

The government offers incentives called Tax Holiday for big investments , labor intensive investment and investment in eastern Indonesia.

"Not more than 15 years," the minister said after attending a meeting at the National Development Planning Board (Bappenas) here on Tuesday.

He said the relaxation is a new scheme in addition to other flexibilities in a draft regulation on tax holiday.