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HSBC Remains a Perception Bank in Tax Amnesty Program

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Editor

21 July 2016 08:52 WIB

HSBC bank. dailymail.co.uk

TEMPO.CO, Jakarta - HSBC Indonesia spokesperson Daisy K. Primayanti has denied claims that HSBC did not sign the joint commitment alongside the other 18 perception banks to become the gateway for repatriated funds from tax amnesty program.

Daisy said HSBC Indonesia has in fact expressed its support for the government’s initiative of tax amnesty program and it has welcomed the decision to appoint HSBC Indonesia as one of the perception banks to become a gateway for repatriated funds.

“We will participate as a perception bank to receive redemption money and/or manage repatriated funds in order to support the government of the Republic of Indonesia’s tax amnesty initiative,” Daisy said in a written statement, Wednesday, July 20, 2016.

Daisy said that HSBC Indonesia as a perception bank will provide full support for the implementation of tax amnesty initiative by adopting the guidelines set by the authorities as well as that of HSBC’s internal policy and procedures.

“HSBC will be subject to the bank’s responsibility and commitment to [abide by] the laws. Therefore, we need to ensure that we can implement the initiative without violating such responsibility and commitment,” Daisy said.

The government has set three gateways to accomodate repatriated funds from tax amnesty program, namely banks, investment managers and security companies. The government has appointed 19 perception banks to accomodate repatriated funds, namely Bank Central Asia, Bank Rakyat Indonesia, Bank Mandiri, Bank Negara Indonesia, Bank Danamon, Bank Permata, Maybank Indonesia, Bank Pan Indonesia, CIMB Niaga, Bank UOB Indonesia, HSBC Indonesia, Citibank, DBS Indonesia, Standard Chartered, Deutsche Bank, Bank Mega, BPD Jawa Barat dan Banten, Bank Bukopin and Bank Syariah Mandiri.

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