Provisions on the Management of Repatriated Assets Relating to the Tax-Amnesty Amended

The Minister of Finance(“Minister”)has just issued Regulation No. 123/PMK.08/2016 (“Amendment”), which amends Ministry Regulation No. 119/PMK.08/2016 onProcedures for the Transfer of Taxpayer Assets to Indonesia and Their Placement Within Investment Instruments Through the Financial Market under the Tax-Amnesty Framework (“2016 Regulation”). [1] In essence, the Amendment aims to enhance the role and function of the various agencies which will be responsible for the administration and channeling of any repatriated assets into investment instruments (“Gateway”), [2] by revising provisions on the following matters: