Tax Amnesty Provisions on SPV Assets Amended

In a bid to improve the implementation of Law No. 11 of 2016 on Tax Amnesty (“Tax-Amnesty Law”), [1] the Ministry of Finance (“Ministry”) recently issued Regulation No. 142/PMK.010/2016 (“Amendment”), which amends Ministry Regulation No. 127/PMK.010/2016 on the Tax Amnesty Based on the Tax-Amnesty Law for Taxpayers in Possession of Indirect Assets in Special Purpose Vehicles (“2016 Regulation”). [2] In essence, the Amendment redefines the provisions set out in the 2016 Regulation which relate to the following matters: