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Financial Institutions Must Provide Taxpayers’ 31 December Account Balances to DGT

Global Mobility Services Bulletin - March 2018


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Our March 2018 Bulletin highlights recent regulations pertaining to mandatory annual report submission of customers’ data by all financial institutions’ to the Directorate General of Tax for the purpose of data collection. A similar report must also be submitted to the Financial Services Authority (Otoritas Jasa Keuangan/OJK) for the purpose of Automatic Exchange of Information of which the process will start as per September 2018. 

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