State-owned companies expect to raise Rp 14.3 trillion (US$1.1 billion) in the stock market, which has seen an improved buying mood on the back of the initiation of the government’s tax amnesty program. Four state firms — builders Pembangunan Perumahan… Read More ›
Tax Amnesty in English
NGO to request judicial review of Tax Amnesty Law
A legal aid NGO plans to request a judicial review of the Tax Amnesty Law passed by the House of Representatives late last month, while the government is drafting the technicalities on the law’s implementation. Several lawyers of the West-Java… Read More ›
Govt forms legal team to defend tax amnesty
The government insists that the tax amnesty is not aimed at helping “big fish” tax evaders but instead aims to reduce the burden on other taxpayers, including small and medium enterprises (SMEs). At the same time the government is putting… Read More ›
Analysis: Effectiveness of tax amnesty needs to be enhanced
After a long process, the Tax Amnesty Law was finally passed at a House of Representatives plenary session on June 28. At the same time, the plenary also approved the revised 2016 state budget. Amid widespread concerns over the impact… Read More ›
The benefits of tax amnesty (Part 2 of 2)
Although Indonesia has applied similar programs to the tax amnesty four times (1964, 1984, 2008 and 2015), the scale and impact of these programs were not as significant as the current initiative. Thus, it comes as no surprise that concerns… Read More ›
Govt appoints nine banks to absorb assets in tax amnesty program
The government has appointed nine banks to act as trustees for the tax amnesty program. Finance Minister Bambang Brodjonegoro said on Tuesday that the banks, known as ‘perception banks’ included the state-owned banks BNI, BRI, BTN and Mandiri, private banks… Read More ›
BTN Targets to Secure Rp30tn of Tax Amnesty Funds
TEMPO.CO, Jakarta-State-owned bank PT Bank Tabungan Negara (Persero) Tbk. is targeting to secure up to Rp30 trillion of repatriated funds in tax amnesty policy. BTN Finance and Treasury Director Imam Nugroho Soeko said that the company is ready to accommodate… Read More ›
No Need to Worry About Legal Suit Against Tax Amnesty Law: BI
TEMPO.CO, Jakarta – Bank Indonesia (BI) said there is no reason to worry about any move to file legal suit with the Constitutional Court against the tax amnesty law.Central Bank Governor Agus Martowardojo said the government and the House of… Read More ›
Tax Amnesty Policy Implementation to Prioritize National Interest
TEMPO.CO, Jakarta – Finance Minister Bambang Brodjonegoro called on all parties to prioritize the nations interests while implementing the tax amnesty policy. “We urge all parties to prioritize national interests and to not focus on the interests of any particular… Read More ›
Tax Amnesty Program Indonesia: Investment Instruments II
The government of Indonesia is preparing various investment instruments in order to absorb the (potentially large) inflow of capital following the launch of the tax amnesty program earlier this month. Besides government bonds, state-owned enterprises’ bonds, real estate investment trusts… Read More ›
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