Indonesia Allows Tax Amnesty Seekers to Buy Gold, Property
- Returns on investments can be withdrawn during holding period
- Easier investment rules to boost participation fund inflow
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For Indonesians seeking to bring back billions of dollars stashed overseas, the government just opened up more avenues to park their funds under a tax amnesty plan.
Individuals who sign up to the amnesty will be allowed to invest in assets such as gold, property and infrastructure projects, according to the Finance Ministry. Participants can also move funds between approved assets before a three-year holding period ends, the ministry said in rules notified on its website Wednesday.