The Indonesia Omnibus Law Job Creation was released during the COVID-19 pandemic as a shortcut to revise laws, with the aim of realising a welcoming investment climate. The tax treatment in the Omnibus consists of a reduction of corporate income tax rate; tax relief on dividend; a reduction of the tax penalty; the imposition of VAT collected by an assigned foreign supplier; and the repackaging of tax incentives by adding local tax and charges as additional tax incentives. The reduction of corporate income tax has brought Indonesia to a deep tax revenue shortfall, which is added to by tax relief on dividend. However, the reduction of the tax penalty seems to lead to the proportionality principle of sanction. The assignment of foreign suppliers to collect VAT may contribute to VAT revenue, but its potential still could not be met. Finally, the government still has the confidence to offer tax incentive packages, in order to attract investment. © 2021, Australasian Tax Teachers' Association. All rights reserved.