Indonesia, Switzerland agree to avoid double taxation
Jakarta (ANTARA News)- Indonesia and Switzerland agreed here to avoid double taxation by signing an amendement of the document on protocol for avoiding double taxation.
"This agreement is an important step to increase economic relations between the two countries especially to create a more conducive atmosphere for investment in Indonesia," Swiss ambassador to Indonesia, Bernadino Regazzoni, said.
He said today was also historic for the two countries following the arrival of Swiss Confederation President Micheline Calmy-Rey for the first time in the country on Wednesday for a three-day visit.
He said this was the right time to increase the two countries` bilateral relations in the political as well as economic fields.
The Indonesian foreign ministry`s director for West European Affairs, Ramli Sa`ud, meanwhile said that the amendment was done to adapt with the current situation.
"In principle, goods already taxed in Indonesia may not be taxed again in Switzerland and vice versa," he said.
Ramli said that the question of additional cost that had caused difficulties for businessmen to advance would also be addressed in addition to other problems by the ministry of trade which had the competence in the field.
He said Switzerland was one of the three big countries in Europe that had invested in Indonesia. Its investment in the country reaches three billion US dollars, he said adding there were now 75 Swiss companies operating in the country.
"Our bilateral relations have always been good. Switzerland is an advanced as well as neutral country," he said.
He said Switzerland had been interested to increase its economic relations with Indonesia in view of the country`s market potential. He said Indonesia had seen it as a good opportunity for increasing foreign investment in the country.
He said "there have been positive changes in Indonesia in the past two years." (*)
"This agreement is an important step to increase economic relations between the two countries especially to create a more conducive atmosphere for investment in Indonesia," Swiss ambassador to Indonesia, Bernadino Regazzoni, said.
He said today was also historic for the two countries following the arrival of Swiss Confederation President Micheline Calmy-Rey for the first time in the country on Wednesday for a three-day visit.
He said this was the right time to increase the two countries` bilateral relations in the political as well as economic fields.
The Indonesian foreign ministry`s director for West European Affairs, Ramli Sa`ud, meanwhile said that the amendment was done to adapt with the current situation.
"In principle, goods already taxed in Indonesia may not be taxed again in Switzerland and vice versa," he said.
Ramli said that the question of additional cost that had caused difficulties for businessmen to advance would also be addressed in addition to other problems by the ministry of trade which had the competence in the field.
He said Switzerland was one of the three big countries in Europe that had invested in Indonesia. Its investment in the country reaches three billion US dollars, he said adding there were now 75 Swiss companies operating in the country.
"Our bilateral relations have always been good. Switzerland is an advanced as well as neutral country," he said.
He said Switzerland had been interested to increase its economic relations with Indonesia in view of the country`s market potential. He said Indonesia had seen it as a good opportunity for increasing foreign investment in the country.
He said "there have been positive changes in Indonesia in the past two years." (*)