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Indonesia Puts Undisclosed Singaporean Assets In Its Sights

by Mary Swire, Tax-News.com, Hong Kong

22 September 2016


Indonesia's Finance Minister, Mulyani Indrawati, has called on taxpayers to declare any undisclosed assets located in Singapore through the Government's tax amnesty program.

The amnesty program - one of a number offered in recent years – is aimed at encouraging taxpayers to regularize their tax affairs. A Bill in this regard was passed by the House of Representatives on June 28, 2016.

Indrawati noted that the Government will receive support from authorities in Singapore to ensure the success of the initiative, with support from the Monetary Authority of Singapore.

The amnesty is to run until March 31, 2017.

TAGS: compliance | Finance | tax | business | tax compliance | tax avoidance | law | Singapore | ministry of finance | Indonesia | trade

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