The tax amnesty bill was finally approved by the House of Representatives on June 28. However, understandably not everyone agrees on the amnesty. Critics argue that the tax pardon would be unfair to honest taxpayers and hence could encourage future… Read More ›
Tax Amnesty in English
Civil Advocate Groups to Challenge Tax Amnesty Program in a Judicial Review
While economists and government officials are upbeat on the positive impacts of tax amnesty program, a number of non-government organizations are unhappy, seeking to file a judicial review at the constitutional court this week to oppose the amnesty program. The tax amnesty… Read More ›
Judicial Review on Tax Amnesty Bill Is No Surprise: BI
Bank Indonesia (BI) Governor Agus Martowardojo said that he would not be concerned with a plan initiated by several organizations to file a lawsuit against the passing of the tax amnesty bill. “I think it’s a common process,” Agus said… Read More ›
Tax Amnesty Bill Passage Is Credit Positive: Moody’s
Moody’s Investors Service said Indonesia’s tax amnesty bill, which was approved by legislators in June, is credit positive for the country, as it underscores the government’s continued commitment to reform the nation as well as helping offset the expected lower… Read More ›
Tax amnesty approval generates positive response: BI
Bank Indonesia (BI) has noted a generally positive response to the recent approval of the Tax Amnesty Law and the State Budget Revision by the House of Representatives and the government. The passage of the tax amnesty bill into law… Read More ›
Indonesia considers onshore financial centre after tax amnesty
JAKARTA: Indonesia is considering forming a special region that will serve as an onshore financial centre in which domestic firms can create shell companies without having to go to tax haven countries, its finance minister said late on Wednesday. South-East… Read More ›
Banks’ trustee facilities can now serve individuals
Banking trustee services can now be enjoyed by individuals, with lower minimum deposit requirements set on accounts, as the authorities gear up for billions of dollars worth of inflows resulting from a tax amnesty. Financial Services Authority (OJK) chairman Muliaman… Read More ›
Amnesty effect to linger on IDX
Excitement over the recent endorsement of the Tax Amnesty Law is expected to continue to positively impact the stock market, with the Jakarta Composite Index (JCI) predicted to remain hovering above 5,000 after the Idul Fitri holiday. The JCI —… Read More ›
No online subscription for tax amnesty: tax directorate
The Directorate General of Taxation will not accept online application subscription for tax amnesty, as the institution will only provide face-to-face registration to avoid the risk of data breaches of tax evaders’ account details. The tax directorate’s technology director Iwan… Read More ›
Tax Amnesty Transparency
The government should immediately formulate a reference for the implementation of the Law on Tax Amnesty. The faster the regulation is issued, the faster the tax amnesty program law is enforced. It is also expected that the target of repatriating… Read More ›
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