Indonesian assets held by Indonesian citizens in Singapore reach Rp 336.39 trillion.

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27/09/2016 19:00 WIB

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Declaration of Assets by Indonesian Citizens Abroad by Country

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Declaration of Assets by Indonesian Citizens Abroad by Country

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The largest number of foreign asset declarations by Indonesian citizens (WNI) is in Singapore. According to the Directorate General of Taxes' report on Asset Statements (SPH), as of September 25, 2016, WNI asset declarations in Singapore reached Rp 336.39 trillion. This amount represents 65 percent of the total WNI declarations abroad.

Following Singapore, the largest WNI foreign fund declarations are in tax haven countries such as the Cayman Islands, British Virgin Islands, Australia, and Hong Kong.

Foreign asset declarations are projected to increase as the first period of the Tax Amnesty program ends. With a lower redemption rate than subsequent periods, it is expected that people will report their foreign assets before September 30, 2016.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesian assets held by Indonesian citizens in Singapore reach Rp 336.39 trillion.

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Indonesian assets held by Indonesian citizens in Singapore reach Rp 336.39 trillion.

Tags

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10 Countries with the Strongest Manufacturing Competitiveness

10 Largest Gold Exporter Countries in 2024

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