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View all search resultsThe Directorate General of Taxation is attempting to revise a regulation on controlled foreign companies (CFC) in an effort to prevent further tax losses for Indonesians with controlling interest in a foreign company.
Life insurer Allianz Life Indonesia will comply with regulations stating that foreign ownership of insurance companies should be no more than 80 percent. Allianz group currently owns 99.7 percent of the company’s shares.
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