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Indonesia, Singapore ink deals on shipping lane security, taxation

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Christian Fernsby ▼ | February 5, 2020
Indonesia and Singapore have inked memorandums of understanding in an effort to beef up security in the international shipping lane along the borders of the nations, avoid double taxation and extend repurchase agreement between the central banks.
Joko Widodo
Business in Asia   Joko Widodo
Indonesian President Joko Widodo said that the Indonesian taxation office and the Singaporean police guard have completed negotiations and signed an MoU of law enforcement on customs.

Topics: Indonesia Singapore ship tax

Under the agreement reached a day earlier, both nations will step up supervision in the international shipping lane in a bid to prevent international crimes, smuggling and illegal trade, according to the Indonesian taxation office.

Another agreement on prevention of double taxation was signed on Tuesday, said Widodo.