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.
Transfer of $1.4b has no link to military: Tax office
Change Size
Director General of Taxation Ken Dwijugiaseteadi (Courtesy of/setkab.go.id)
D
irector General of Taxation Ken Dwijugiasteadi has made assurances that a transfer of US$1.4 billion, which was investigated by authorities in Europe and Asia, has no relation to the Indonesian Military or any other Indonesian state institutions.
He said the transactions were carried out by 81 Indonesian businesspeople, 62 of whom had taken part in the nine-month tax amnesty program, which ended in March.
“Of the 81 Indonesians, none are officials of the Indonesian Military, the National Police or any other law enforcement institutions or officials of other state institutions,” Ken said in Jakarta on Monday as reported by tempo.co.
Read also: Politician close to military behind suspicious $1.4b transfer: ReportBloomberg first reported that regulators in Europe and Asia were investigating Standard Chartered over the role that staff may have played in transferring $1.4 billion of private client assets from Guernsey to Singapore before new tax transparency rules were introduced in 2015.
Some reports even linked the suspicious transactions to the Indonesian military.
Ken stressed that the transactions were purely business activities in various sectors and the 81 Indonesians were recorded as taxpayers.
Ken said his office was now still checking the 81 businesspeople’s data, including the participants of the tax amnesty, to learn if they had reported the funds transferred to Singapore while taking part in the tax amnesty program.
He said the investigation was expected to be completed late this month. “We have managed to check half of the data so far,” he added. (bbn)
