Jakarta(2/6/2010)
Wilmar International Ltd. (Wilmar), the world’s largest palm oil trader, is being investigated by the Indonesian tax office over fictitious value added tax (VAT) refunds said tax director-general M Tjiptardjo, the top tax official said Tuesday. The taxes in question are from the period of 2007-2008.
Wilmar has denied the company ever falsified its tax returns.
“Questions of fictitious or false claims made by the group do not arise.Internal records in respect of the VAT refund claims vis-a-vis export sales will stand scrutiny,” Wilmar had said in a statement to the Singapore stock exchange on May 19.
Wilmar said it was entitled to receive VAT refunds after it “exported more than US$3 billion worth of palm oil in each of the last three financial years”.
Lawmaker Bambang Soesatyo said on May 18 he received a report from an unidentified tax official that Wilmar received VAT refunds worth Rp 800 billion ($87.2 million) in 2007 and Rp 900 billion in 2008. The company was set to receive another refund worth Rp 1.9 trillion.
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