A new financial data swop arrangement with Singapore is set to give Indonesia's taxman a much needed leg-up against tax-evaders who may have under-declared their assets in the city state, said experts.
The Automatic Exchange of Information (AEOI), which kicks in on Sept 30, entails a regular exchange of taxpayers' information, including details of their bank accounts and assets, so the respective authorities can take action against tax evasion.
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