Indonesia to Get Access to Taxpayers Financial Data in Hong Kong
Indonesia and Hong Kong have agreed on an exchange of information that will provide Indonesia tax office access on taxpayer who have accounts in Hong Kong.
Based on the result of Indonesia’s tax amnesty program, Hong Kong was the third-biggest source of repatriated funds.
Indonesia’s tax office has promised it will step up scrutiny on wealthy Indonesians not participating in the country’s tax amnesty programme. Based on the result of Indonesia’s tax amnesty program, Hong Kong was the third-biggest source of repatriated funds.
News Source: Reuters
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