Paying taxes in Indonesia is becoming easier thanks to digital technology and legal reforms. According to a joint study by financial consulting firm PricewaterhouseCoopers (PwC) and the World Bank, Indonesia has improved to the 104th rank among 190 economies assessed…. Read More ›
Tax Amnesty in English
Realization of Tax Amnesty Impressive: Observer
A tax analyst described as extraordinary the realization of the tax amnesty program with redemption already exceeding 50 percent of the target. “This is a good performance and is unexpected . Until now almost Rp3,000 trillion of taxable assets have… Read More ›
Indonesians line up to beat deadline for tax amnesty’s best terms
Hundreds of Indonesians queued for hours on Friday to get the most attractive terms on offer under a tax amnesty that’s recovered strongly after a slow start and which the finance minister calls the most successful a country has had…. Read More ›
Singapore banks report tax amnesty Indonesians to police
Private banks in Singapore are sharing with local police the names of clients embracing an Indonesian tax amnesty, three banking sources told Reuters, a move that could undermine the amnesty and damage the banks’ business with their biggest client pool…. Read More ›
Singaporean Banks Are Reporting Indonesians Who Embrace Tax Amnesty
The heightened scrutiny could damage banks’ business. Private banks in Singapore are sharing with local police the names of clients embracing an Indonesian tax amnesty, people aware of the matter said, a move that could undermine the amnesty and damage… Read More ›
Impact of Indonesian tax amnesty on Singapore property prices
Indonesia has seen a trend of rising fiscal deficit, culminating in a record budget deficit in 2015. The resource-rich nation’s coffers were affected by low global demand and weakening commodity prices for essential exports such as coal and crude palm… Read More ›
Finance Ministry Confident of Higher Tax Revenue from Tax Amnesty
Jakarta – The Finance Ministry believes that tax amnesty program will have a positive effect on tax revenue. Fiscal Policy Body head for the Finance Ministry, Suahasil Nazara said the new tax base will improve in line with the implementation of tax… Read More ›
Jokowi Explains Tax Amnesty in G20 Summit
Metrotvnews.com, Hangzhou: President Joko Widodo explained his tax amnesty program in the second session of the G20 Summit in Hangzhou, China. “Tax amnesty as a part of global tax reform,” Finance Minister Sri Mulyani Indrawati said on the sidelines of… Read More ›
Extending the tax amnesty period
The response by taxpayers to the tax amnesty facility, as widely predicted, seems rather weak. Since its launch over five weeks ago, only Rp 1.9 trillion (US$143 million) in assets has been repatriated and Rp 59.5 trillion assets declared, generating… Read More ›
Indonesia’s tax amnesty programme below target in first month
JAKARTA: Indonesia’s tax amnesty programme recorded around US$3.2 billion of declared assets during its first month of implementation, which was below its target of US$302 billion. “These are still very small compared with our set targets,” said Finance Minister Sri… Read More ›
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