Indonesian Government Warns Palm Oil Industry of Illegal Tax Avoidance

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The Finance Ministry's Directorate General of Taxation (DJP) has issued stern warnings to hundreds of companies for finding data discrepancies such as underinvoicing and the use of false invoices in the palm oil industry.The finance minister recently emphasized that joint government and Treasury-police operations (such as the bust of the CPO derivatives smuggling case in early November) are not to create panic, but to ensure that businesslawfulfurthermoreMaintenance of State revenuesThe

Approximately 200 delegates137 key taxpayersof palm oil business people recently attended a meeting at the DJP headquarters, Finance Ministermake a surprise visitIt also requires that enterprises in difficulty shouldProactive reportingThe government wants the palm oil industry to continue to doIndonesia's industrial pillar. He claims that future fiscal policy willCreating a healthy and fair business environmentThe company is also required toMaximizing contributions to the public treasuryThe

Commissioner of Revenue discloses that he has the latestPatterns of export violations, including understatement of prices and the use ofNo genuine transaction invoice (TBTS)or false invoices, calling on the "palm oil kings" to take advantage of this opportunity.Voluntary correctionsso as not to enter theLaw enforcement procedures. He pledged that oversight wouldProfessional, moderate.without prejudice to economic activity, toEnhancing industry transparency and accountabilityThe

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