September 12, 1998 | By Keith Martin in Washington, DC
The Indonesian government is reviewing all tax breaks given to businesses in which Suharto cronies owned interests. Investment minister Hamzah Haz said a list of “transparent” requirements for foreign companies
seeking tax incentives for investing in the country will be announced soon.
Meanwhile, a new tax treaty took effect recently with Mauritius that reduces withholding taxes on dividends to 5% — the lowest under any treaty — but there are reports the Indonesian tax office wants to make revisions.