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Press Releases

Joint Statement from MOF and MAS

23 Jul 2016

Recent claims in the Indonesian media that Singapore is implementing policies to ‘thwart’ Indonesia’s tax amnesty programme are untrue.  Singapore has not cut tax rates or changed any of our policies in response to Indonesia’s Tax Amnesty Programme.  

We subscribe to internationally agreed standards for combating money laundering and for exchange of information.  If there is any case of suspected cross-border tax evasion, concerned authorities can approach Singapore – we have assisted and will continue to assist in line with the international standards.