JAKARTA There was a sense of urgency in Indonesian President Joko Widodo’s appointment in July of new members to his cabinet — notably in the selection of the high-profile managing director of the World Bank, Sri Mulyani Indrawati. Indonesia’s economic… Read More ›
Tax Amnesty in English
Indonesia wants to go cashless but its credit card rules are pushing people back to cash
Indonesia’s finance ministry has delayed a regulation requiring all credit card providers to submit customer data to the tax office until the end of its tax amnesty program, a tax spokesman told Reuters. The finance ministry in March issued a… Read More ›
Tax Amnesty: Should All Overseas Indonesians Participate?
Jakarta, GIVnews.com – Despite the government’s call to utilize the tax amnesty program before the beginning of its implementation period, many citizens are still puzzled whether they or their assets are included in the program’s target. This question is especially common among… Read More ›
To declare or not to declare? Amnesty tempts Indonesian tax evaders
JAKARTA — “Declare. Redeem. Relieved.” So reads Indonesia’s tax amnesty slogan, plastered on banners along a busy main road in suburban Jakarta. A month after the introduction of the new policy tax professionals say they have been inundated with queries… Read More ›
Tax Amnesty Attracts Rp 3.8t in Declared Assets; Rp 579b Repatriated in 2nd Week
Jakarta. Indonesia’s tax amnesty program has made progress in its second week, boosting confidence among the country’s top officials that it will attract trillions of rupiah in repatriated assets. The Directorate General of Taxes has received 344 asset declarations by… Read More ›
Interest in Indonesian tax amnesty growing fast
JAKARTA — “Declare. Redeem. Relieved.” So reads Indonesia’s tax amnesty slogan, plastered on banners along a busy main road in suburban Jakarta. A month after the introduction of the new policy tax professionals say they have been inundated with queries… Read More ›
Update Tax Amnesty Program of Indonesia: Results So Far?
The tax amnesty program of Indonesia runs between 18 July 2016 and 31 March 2017 (roughly nine months). Within that period, the central government targets to see the declaration of IDR 4,000 trillion (approx. USD $307 billion) worth of funds… Read More ›
President makes sale pitch for tax amnesty
President Joko “Jokowi” Widodo has reverted to his political campaign mode to rally support for his tax amnesty program, which could significantly plug the widening budget deficit. Jokowi worked the crowd of more than 10,000 people on Monday who joined… Read More ›
Tax Amnesty Raises Forex Reserves to US$6 B, Jokowi Says
TEMPO.CO, Jakarta – President Joko “Jokowi” Widodo claimed that the tax amnesty law has managed to raise the foreign exchange reserves. According to Jokowi, the tax amnesty participant’s declared assets boosted the forex reserves to US$6 billion (Rp78.4 trillion) in two weeks…. Read More ›
Tax amnesty Law: An invitation for criminals
The House of Representative has finally passed a law authorizing a new tax amnesty. This amnesty period will apply to both individuals and businesses and cover obligations including income tax, value-added tax (VAT) and/or luxury-goods sales tax. To qualify, taxpayers… Read More ›
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