In a bid to attract a greater number of tax-amnesty applicants, the Ministry of Finance (“Ministry”) has issued Regulation No. 150/PMK.08/2016 (“Second Amendment”), which amends Regulation No. 119/PMK.08/2016 on Procedures for the Transfer of Taxpayer Assets to Indonesia and Their Placement in Investment Instruments in the Financial Markets Through the Tax-Amnesty Framework (“Regulation 119/2016”). [1] This Second Amendment further relaxes the procedures whereby tax-amnesty applicants can transfer and invest their assets through financial markets by changing the provisions which apply to the following matters:
Gov. Relaxes Provisions on the Management of Repatriated Assets
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