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Islamic Finance Briefing - Categorized | Accounting and Audit, Compliance, Tax, Legal, Regulatory more

Indonesian government asked to exempt Islamic banking transactions from taxes

Posted on 06 March 2009

From Thejakartapost.com: The Indonesian government needs to exempt all transactions in the Islamic banking system from taxes in order to spur its development in the country, a world’s major player in the industry says.

“I think, for the Islamic finance here to grow well, the government should provide tax neutrality to any transaction made in Islamic finance,” Badlisyah Abdul Ghani, CEO of CIMB Islamic Berhad, said on Wednesday. …. Full Article: Source

 
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