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Taxation Directorate General and OJK Prepare Data Exchange System

The Directorate General of Taxation and the Financial Services Authority (OJK) are discussing the readiness of the automatic exchange of information (AEoI) system, which is not expected to burden the banking industry.

Director General of Taxation Robert Pakpahan said the system includes infrastructure and information technology, and technical implementation procedures for data exchange. The tax authority has set a registration deadline for banks and domestic financial service institutions of the end of February 2018.

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