Bank Indonesia (BI) has noted a generally positive response to the recent approval of the Tax Amnesty Law and the State Budget Revision by the House of Representatives and the government. The passage of the tax amnesty bill into law… Read More ›
Tax Amnesty in English
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 ›
Indonesia considers onshore financial centre after tax amnesty
JAKARTA: Indonesia is considering forming a special region that will serve as an onshore financial centre in which domestic firms can create shell companies without having to go to tax haven countries, its finance minister said late on Wednesday. South-East… Read More ›
Banks’ trustee facilities can now serve individuals
Banking trustee services can now be enjoyed by individuals, with lower minimum deposit requirements set on accounts, as the authorities gear up for billions of dollars worth of inflows resulting from a tax amnesty. Financial Services Authority (OJK) chairman Muliaman… Read More ›
Amnesty effect to linger on IDX
Excitement over the recent endorsement of the Tax Amnesty Law is expected to continue to positively impact the stock market, with the Jakarta Composite Index (JCI) predicted to remain hovering above 5,000 after the Idul Fitri holiday. The JCI —… Read More ›
No online subscription for tax amnesty: tax directorate
The Directorate General of Taxation will not accept online application subscription for tax amnesty, as the institution will only provide face-to-face registration to avoid the risk of data breaches of tax evaders’ account details. The tax directorate’s technology director Iwan… Read More ›
Media Mogul Saban Says Indonesia Proving to Be Brexit Haven
Media mogul Haim Saban has stumbled onto a bright spot in the market turmoil following the Brexit vote: Indonesia. Lawmakers in the booming Southeast Asian nation passed a tax amnesty bill earlier this month that’s expected to lead to a… Read More ›
Govt Should Reform Taxation System Before Amnesty: Researcher
Jakarta. Despite passing the House of Representatives recently, the tax amnesty is continuing to divide the political and economic community who argue the benefits may not outweigh the drawbacks. While lawmakers have said the program will bring billions in funds back… Read More ›
Which Investment Instruments to Choose Under Tax Amnesty?
Jakarta. Indonesia’s financial sector is putting together suitable investment instruments in anticipation of up to Rp 1,000 trillion ($76 billion) in repatriated assets during the nine-month tax amnesty program which should begin soon after Idul Fitri, according to senior officials…. Read More ›
Any question about tax amnesty? These desks will be ready to help
The Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX) will both prepare help desks to answer queries about the nation’s new tax amnesty program. These desks will serve in addition to the existing information center at the Finance… Read More ›
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