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Bank secrecy relating to taxes “has ended”, says Indonesia’s finance minister


Indonesia’s finance minister said yesterday that “bank secrecy has ended with regard to tax purposes”, after the country announced progress in its preparations for the automatic exchange of information (AEOI) scheme. According to Indonesian publication netral news, finance minister Sri Mulyani Indrawati confirmed that the minimum account balance to be reported under the AEOI scheme in Indonesia will be US$250,000,…

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