Indonesia’s Investment Coordinating Board (BKPM) is warning it will annul the investment permits of foreign companies that are proven to be avoiding payment of taxes.
"We are ready to revoke the principal licenses, but to prove a transfer pricing, as a tax-avoidance practice, is not the BKPM's job. It is the tax office that will hold the investigation, then deliver the results to the BKPM," chairman Franky Sibarani told thejakartapost.com on Monday in Jakarta.
Previously, Finance Minister Bambang Brodjonegoro said there were about 2,000 foreign...
