Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[JAKARTA] Indonesia will allow funds from a tax amnesty programme to be invested in government-issued securities as well as stocks, bonds and mutual funds issued by private companies, finance ministry official Robert Pakpahan told reporters on Monday.
The government had shortlisted asset management firms and brokerage houses that will be allowed to manage repatriated funds, Mr Pakpahan said.
"Banks, investment managers and securities companies will collaborate with the Tax Office and have to report monthly to the Tax Office about the investments from the tax amnesty," he said, adding direct purchase of properties would also be allowed.