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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Jakarta to decide on Islamic bank tax bill

Posted on 11 June 2009

From Thepeninsulaqatar.com: Indonesia could decide by September whether to amend double taxation laws that make Islamic financial transactions costlier than conventional deals, a parliamentarian said yesterday.

The Indonesian parliament is debating a bill that would change the double taxation law. The tax hit holds back the expansion in Indonesia of the $1 trillion global Islamic financial industry, bankers and lawyers say………Full Article: Source

 
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