Implementing Regulation for the Law on Tax Amnesty

On July 18, 2016 the Ministry of Finance issued two Regulations of the Minister of Finance (PMK) to fulfil the mandate of Law No. 11/2016 on Tax Amnesty. The published regulations are PMKs No. 118/PMK.03/2016 and PMK No. 119/PMK.08/2016. The PMK 119 was published yesterday. It lists the procedures for the transfer of property of a taxpayer to the Indonesian territory, as well as the guidelines on and the variety of investment instruments available. Below is the brief explanation on PMK 119.To subscribe please click here