13 Jun 2016
How to Solve the Tax Problems for People in the List of Panama Papers 1 & 2
As we understand, The International Consortium of Investigative Journalists (ICIJ) has announced the peoples and companies from the globe that hide their restructuring for companies and financing in tax haven countries. They are in the list of Panama Papers 1 and 2. There are 2.961 and almost 4.000 peoples and companies from Indonesia in the list of Panama Papers 1 & 2 consecutively.
In general, the assets and financial, including revenue transactions have very significant value. Actually the asset is not in the tax haven countries, they put them at the other countries such as Singapore, Hongkong, UEA and other countries.
The question now is how to report and pay tax properly when Tax Amnesty applied?
Reporting the assets only will not be satisfied for taxation since the value of shares at SPV in tax haven is very minimum.
To solve this issue, peoples and companies need to do ‘DESTRUCTURING’ what they have already restructured. They will find not only share but also Receivable and probably payable for that they must report it back later. They only pay tax (uang tebusan) based on 2 percent (subject to approval parliament) of the unreported net assets value, if they transfer them back to Indonesia as soon as after Tax Amnesty applied.
Best,
Agung Tjahjady SH, CPA, MM, BKP
Registered Tax Consultant, Advocate
Read Other Updates
-
Jenis Perizinan/Bidang Usaha Yang Tidak Dapat Disatukan Dengan Bidang Usaha Yang Lain (Single Purpose)
01 Mar 2019
-
Logo Perusahaan, Hak Cipta atau Hak Merek?!
22 Feb 2019
-
TP Doc Series:
06 Feb 2019
-
Polemik yang Belum Usai dari Lahirnya PMK 229/2017
31 Dec 2018
-
Kebijakan Perluasan Tax Holiday dan Pemberlakuan Mini Tax Holiday
10 Dec 2018
-
Paket Kebijakan Ekonomi XVI terhadap Investasi di Indonesia
29 Nov 2018
-
AT Thank You
01 Nov 2018
-
Perbaharui Perijinan Perusahaan Anda Jika Tidak Ingin Dibekukan
30 Oct 2018