Indonesia adopts law enabling Tax Office to legally investigate Indonesian taxpayers hiding their wealth overseas

On 27 July 2017, the House of Representatives of Indonesia passed a Regulation in Lieu of Law (Perppu) No. 1/2017 into law (Link-Indonesian). This Regulation enables Tax Office to legally investigate Indonesian taxpayers hiding their wealth overseas and to automatically obtain financial data of bank customers from the respective financial institutions.

Leave a reply

Your email address will not be published. Required fields are marked *