Indonesia’s tax amnesty program is expected to boost liquid assets into the country’s economy, which could be directed into infrastructure spending and stoke demand in the country. This would give the government good momentum, as the tax amnesty program was launched… Read More ›
Tax Amnesty in English
Jokowi kicks off tax amnesty program
President Joko “Jokowi” Widodo has officially inaugurated the Tax Amnesty Law on Friday, marking the beginning of the most-anticipated program to repatriate funds from overseas into the real sector and financial market. In his opening remarks, Jokowi called the amnesty… Read More ›
President Launches Tax Amnesty Program, to Begin After Idul Fitri
President Joko “Jokowi” Widodo officially launched the long-awaited tax amnesty program on Friday (01/07), marking the start of a string of promotional efforts for the nine month program that is hoped to repatriate trillions of rupiah in assets stashed abroad…. Read More ›
Tax Amnesty to Help Growth Rebound, Contain Deficit: Morgan Stanley
The tax amnesty program which the government passed in June will alleviate restrictions on government spending and help growth to rebound to 5 percent this year, multinational financial services corporation Morgan Stanley told clients. Tax collection for the first five… Read More ›
Tax amnesty: Will Indonesians bite?
A one-time blanket pardon and discounts for tax evaders who come clean about their assets, as well as a looming global pact on the exchange of information on taxation. These are the right ingredients for Indonesia’s tax amnesty to succeed,… Read More ›
Govt too optimistic on tax amnesty: Kadin chairman
The government is being too optimistic in setting a state revenue target of Rp 165 trillion (US$12.53 billion) for the tax amnesty program, says Indonesian Chamber of Commerce and Industry (Kadin) chairman Rosan P. Roeslani. “I guess the government has… Read More ›
Tax amnesty inflows to stoke inflation at turn of year: BPS
The Central Statistics Agency (BPS) expects the tax amnesty program to increase banking liquidity, which could prompt banks to lower their interest rates and ultimately affect inflation. Amid the potential increased liquidity brought about by repatriated assets, people will be… Read More ›
Tax Amnesty Program Indonesia Launched: Which Investment Instruments?
Without giving too much insight into the details and regulations, Indonesian President Joko Widodo launched the tax amnesty program on Friday (01/07) during a speech in front of hundreds of businessmen and officials at Indonesia’s tax office headquarters in Jakarta…. Read More ›
These desks will help about tax amnesty
JAKARTA. 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… Read More ›
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