Hotel seized for tax evasion

Hotel seized for tax evasion

JAKARTA: The City Revenue Agency seized Twin Plaza Hotel and
Apartments on Jl. S. Parman, West Jakarta, on Thursday for tax
arrears worth Rp 2.56 billion (US$301,176.47).

Agency official Lumban Gaol said the seizure was in accordance
with Law No. 19/2000 on tax collection.

City administration website beritajakarta.com reported that
the agency had sent warning letters on Aug. 1, 2002, on July 2,
2003 and the final warning on Oct. 6. It even sent a letter
informing the complex management that the property would be
seized but received no response.

The management still has 14 days, as of Thursday, to settle
their tax liability. Should it fail to do so, the agency will
sell the property.

Twin Plaza Hotel and Apartments was owned by a consortium of
PT Slipi Sri Indopuri, PT Dwinusa Agung Sejahtera, PT Pusri and
PT Bhakti Investama. But the agency only named PT Dwinusa as the
current owner after buying the property from PT Slipi. -- JP