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|Taxation Directorate General building (Photo: Internet)|
Jakarta – Indonesia and Australia have signed a memorandum of understanding (MoU) on tax information exchange, announced the Indonesia’s Taxation Directorate General (TDG) on September 9.
The MoU, signed by the TDG and the Australian Taxation Office, will help them exchange tax information automatically under the double tax avoidance treaty from August 19.
The move would help fight tax avoidance committed by taxpayers by underreporting their income and assets abroad, in line with a global commitment to create transparent taxation.