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With a view to firming up its informal economy, enhancing its business legitimacy and courting investment, Myanmar unveiled a new tax amnesty scheme through its Union Tax Law 2019, which was passed in September.
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Indonesia’s tax amnesty bill is expected to recover billions of dollars stashed away in foreign jurisdictions and boost the country’s economy. The initiative has seen a positive response so far, with law firms seeing an exponential increase in client interest and participation, finds Raj Gunashekar.