TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati admitted that it is difficult to achieve the revenue target from the tax amnesty program. She said there is a deficit potential of Rp219 trillion in the 2016 Revised State Budget, which could come… Read More ›
Tax Amnesty in English
Jakarta introduces tax amnesty to repatriate assets held abroad
Under new rules, Joko Widodo will forgive wealthy tax evaders on condition they bring their assets back to Indonesia and declare them to the authorities. Otherwise, they will be fined. As the rich wonder, accountants prep for extra work. Jakarta… Read More ›
Tax amnesty yet to net big fish
The government’s tax amnesty bullets seem to be hitting the wrong targets as most people participating in the program so far are small taxpayers, not those who keep assets worth billions of dollars overseas. Setyo Utomo, head of the extension… Read More ›
Sebulan Tax Amnesty, 5.600 Orang Deklarasikan Harta Rp 33 Triliun
Jakarta -Program pengampunan pajak atau tax amnesty telah berjalan selama satu bulan. Tercatat realisasinya sampai dengan hari, sudah ada 5.613 surat pernyataan harta yang masuk ke Direktorat Jenderal Pajak (Ditjen Pajak). Demikianlah data resmi pada situs Ditjen Pajak yang dikutip… Read More ›
Indonesia’s Tax Amnesty Shows Slow Progress in First Month
Jakarta. One month after getting launched, Indonesia’s tax amnesty program has brought in only a tiny fraction of the billions of dollars the government hopes will go into state coffers, a development that worries some economists. The government’s target for the… Read More ›
Q&A: Tax amnesty policy – Is it only for the super rich?
The tax amnesty bill was passed into law on July 18 and people have begun to glean information about the program. Special desks have been formed by both the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDK). The… Read More ›
Indonesia Plans to Open New Tax Haven Areas
After grappling with a shortfall in tax revenues, Indonesia is now exploring the possibilities of setting up tax havens with hopes of bringing funds back into the country. On Sunday, Coordinating Maritime Minister Luhut Panjaitan revealed that Indonesia is in… Read More ›
Indonesia’s Widodo prepares for annual address amid strong support
JAKARTA: Indonesian President Joko Widodo will deliver his second State of the Nation address on Tuesday (Aug 16), amid stronger political support and increased approval ratings. Political analysts also say Widodo will take the opportunity to urge Indonesians to continue… Read More ›
Dana Repatriasi Tax Amnesty Masuk RI Rp 800 M
TEMPO.CO, Jakarta – Director of Services, Education, and Public Relations of the Taxes Directorate General of Ministry of Finance Hestu Yoga Saksama said repatriated funds from the tax amnesty program has reached Rp 931 billion until Saturday (13/8), or almost a month since… Read More ›
Minister Says Tax Amnesty Program Will Boost GDP
TEMPO.CO, Jakarta – Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan says that the tax amnesty program is expected to boost Indonesia’s gross domestic product (GDP). “Our GDP is now almost US$ 1 trillion. With the implementation of this tax amnesty… Read More ›
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