The Transparency Mission

The deadline to regulate tax information exchange is approaching. On June 30, the government must already possess a legal foundation to realize its Automatic Exchange of Information (AEoI) commitment, due for implementation next year. If delivery is late, Indonesia will likely be labeled as being non-cooperative, which, among others, would affect credit and investment ratings, not to mention to bring about other economic pressures. The problem is that the submission of a government regulation in lieu of law (Perpu) on taxation information exchange is potentially delayed. Although the draft has reached President Joko Widodo's desk, the House of Representatives (DPR) is yet to endorse it.