An Update on Indonesian Financing Structures in the Light of the New Tax Regulations
April 9, 2010
In November 2009, the Indonesian Directorate General of Taxation issued
two key tax regulations (Director General of Tax Regulations Nos. 61/
PJ/2009 and 62/PJ/2009, the “
Regulations”). The Regulations have
wide-ranging implications for tax structuring of cross-border transactions
involving Indonesia and, in particular, have prompted market participants
to explore new structures for issuing Indonesian high-yield bonds...
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