WHEREAS, pursuant to Article 105 of the Income Tax Proclamation (as amended) No. 979/2016, income tax incentives for investors holding an investment license under the Investment Law shall be determined by Regulations issued by the Council of Ministers; WHEREAS, Article 7 of Council of Ministers Regulation (as amended) No. 517/2022 on Investment Incentives provides that the Council of Ministers may replace the income tax incentive established under the Regulation with a new incentive system;