TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Sandiaga, Rachmat Gobel to dissolve SPV for tax amnesty
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Sandiaga Salahuddin Uno shows document after submitting his tax amnesty application to the Sudirman tax office, South Jakarta, on Wednesday
(JP/Anton Hermansyah)
B
usinessmen Sandiaga Salahuddin Uno and Rachmat Gobel will dissolve their special purpose vehicles (SPVs) as part of the tax amnesty program.
According to the SPV rule, which was revised recently, tax amnesty participants no longer have to dissolve all SPVs. They have to dissolve them only if they want to repatriate assets from a particular SPV, while the remaining SPVs will be charged with the declaration tariff (4 percent in the first period) instead of the repatriation tariff (2 percent).
"I already talked with my team, if the SPVs are not being used anymore, they will be dissolved," Sandiaga told The Jakarta Post after completing his tax amnesty application in Sudirman tax office, South Jakarta on Wednesday.
According to International Consortium of Investigative Journalist (ICIJ) data, Sandiaga is affiliated with at least eight SPVs, while Rachmat is affiliated with two SPVs. However Gobel said he already dissolved one SPV two years ago.
"Owning a SPV does not always mean tax avoidance. Those SPVs were created officially by our company during a crisis few years ago to secure funding," Gobel said. (evi)
