Deustche BankÆs Indonesia trade finance business has received a huge boost, with the German firm announcing that it has successfully implemented an import tax declaration solution. Via db-direct internet, its web-based internet electronic platform, Deutsche says it is now the only bank in Indonesia able to electronically process Pemberitahuan Impor Barnag PIB, the import tax declaration.
Working closely with PT EDI Indonesia, an e-business provider, Deutsche Bank, through its db-direct internet solution can now cut the processing time and reduce the paper trail previously associated with PIB.
The main beneficiaries of the new import tax declaration solution will likely be the importers and freight forwarders in Indonesia. The main benefits will be a...
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