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Finance Minister Set A tax haven criteria Region Indonesia

Jakarta, Indonesia CNN - Finance Minister Bambang P.S. Brodjonegoro began to open up a number of areas will be a key condition enactment as the location of Offshore Financial Centres (OFC) or a tax-free area in Indonesia. Some of the conditions that must exist in the area is to have adequate infrastructure, as well as the existing international financial institutions operating there."One of the conditions where OFC is the existence of international financial institutions, or international banking should be there," said Bambang, yesterday evening.So far, the site has not been determined. But the Bambang assure businesses that the company moved its base of previously residing abroad to the area, will receive different tax treatment."Please if there are areas that are interested but yes we would have to decide the best location as soon as possible following the scheme," he said.

In addition, companies in the OFC must comply with the provisions set forth later. Among them, adhere to the transparency of tax and anti-money laundering.
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