Indonesia sees investor gains from Danantara export plan
Jakarta, June 1 -- The establishment of state-owned enterprise PT Danantara Sumber Daya Indonesia (DSI) could have a positive impact on the domestic capital market and benefit investors, Finance Minister Purbaya Yudhi Sadewa said.
Speaking in Jakarta on Sunday, he said the implementation of a centralized export system through DSI would encourage greater discipline among businesses in reporting export proceeds.
Under the system, all exporters will be required to report their export transactions and proceeds to DSI through the Customs Excise Information System and Automation (CEISA) 4.0 platform managed by the Directorate General of Customs and Excise.
The reporting mechanism is intended to curb under-invoicing, transfer pricing, and the...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.