Minister of Finance Purbaya Opens Tiffany & Co Seal

JAKARTA - Minister of Finance Purbaya Yudhi Sadewa opened the seal of the Tiffany & Co jewelry store outlet at Plaza Indonesia, Jakarta, after the business party expressed willingness to fulfill customs obligations.

"The person concerned has committed to complying with all applicable laws and regulations," said Purbaya, quoted by ANTARA, Monday, June 8.

The Tiffany & Co store was previously closed by the Directorate General of Customs and Excise (DJBC) for violating the import of goods that have not been notified and have not completed their customs obligations.

There are three outlets that were sealed, located at Plaza Senayan, Plaza Indonesia, and Pacific Place, Jakarta.

For this violation, the Customs and Excise Service conducted a customs audit and issued a Customs Determination Letter of IDR 97.49 billion, including administrative sanctions in the form of a fine of IDR 78.50 billion.

Meanwhile, the rest is in the form of other taxes that have not been paid such as import duties, value added tax (VAT), and income tax (PPh) with a total of around IDR 18.99 billion.

Tiffany & Co also expressed its willingness to fulfill these obligations, including the fulfillment of its administrative sanctions.

The state treasurer emphasized that the government prioritizes the principles of compliance, transparency, and accountability in carrying out the oversight function.

This effort is carried out to create a healthy business climate, certainty, and business continuity for all business actors in order to support the national economy.

The Minister of Finance also appealed to all business actors to fulfill their obligations and comply with the provisions set forth in laws and regulations.

Compliance is an important foundation in creating a transparent, competitive business ecosystem.

"The government will continue to carry out consistent supervision, while encouraging the awareness of all business actors to behave obediently in accordance with the provisions of laws and regulations," said Purbaya.

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