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 ›
Tax Amnesty in English
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 ›
The benefits of tax amnesty
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 ›
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
Jakarta. 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… Read More ›
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