Indonesia's Ministry of Finance has launched investigations into several foreign-invested companies in the steel and building materials sectors, suspecting tax evasion and customs regulations violations. The implicated firms are accused of selling products to customers through cash transactions without remitting value-added tax (VAT).

Additionally, some exporters are suspected of undervaluing shipments, declaring values as low as half of the actual transaction prices to minimize tax liabilities.

The Indonesian government plans to take swift enforcement actions against any confirmed violators.