The rupiah may strengthen beyond 10,000 per US dollar, far from the current level of around 13,000, assuming that the tax amnesty program succeeds in repatriating the targeted Rp 1 quadrillion (US$76.5 billion) of Indonesians’ offshore assets, an analyst says…. Read More ›
Tax Amnesty in English
Tax Amnesty Not only for Conglomerates: Jokowi
TEMPO.CO, Jakarta – President Joko “Jokowi” Widodo said tax amnesty is offered not only to conglomerate but also to small and medium enterprises. “Tax amnesty policy concerns only taxation. Don’t politicize the policy,” Jokowi said addressing around 10,000 business leaders… Read More ›
Jokowi: Tax Amnesty Results Visible in September
TEMPO.CO, Jakarta – President Joko “Jokowi” Widodo claimed that he will not be swayed with the considerably small numbers that have been declared and repatriated related to the tax amnesty program. Jokowi asserted that businesses will need some time to generate… Read More ›
Indonesian president – Government to go ‘all out’ to defend legality of tax amnesty
Indonesian President Joko Widodo on Monday urged citizens to take part in the country’s new tax amnesty and pledged his government will “go all out” to keep the law behind it from potentially getting blocked in court. In line with… Read More ›
Indonesia tax amnesty expected to bring in $43bn
Indonesia’s new finance minister spells good news for a tax amnesty plan that’s a key component of President Joko Widodo’s ambitious economic programme. Sri Mulyani Indrawati, 53, returns to a post she held between 2005 and 2010 when she restructured… Read More ›
Indonesia intensifies awareness campaign on tax amnesty program
Jakarta (ANTARA News) – The Administration of President Joko Widodo (Jokowi) is racing against time to make its tax amnesty program a success, in order to increase the much needed state revenues. Officially launched on July 1, the tax amnesty… Read More ›
City Can Use Tax Amnesty Fund for Infrastructure
Jakarta Provincial Government is able to use Tax Amnesty fund to fund infrastructure projects. It is predicted that the fund could reach Rp 543 trillion. Head of Bank Indonesia Representative Office, Doni Primanto Joewono hoped city administration can use this… Read More ›
Indonesia Will Propose Corporate Tax Cut After Tax Amnesty Program
Jakarta. Indonesia president Joko Widodo said the government will propose a cut in the corporate tax rate to improve competitiveness once a tax amnesty program expires. “We are in a competitive era, if we are not brave, investors will leave,”… Read More ›
Indonesian tax amnesty could spark outflow from Singapore wealth industry
[SINGAPORE] Singapore’s wealth management industry is likely to suffer a bad dent as rich Indonesians move some money back home to take advantage of a tax amnesty, but the exodus of funds isn’t going to be as big as Jakarta… Read More ›
Half of tax amnesty funds ‘may go to owners’ own companies’
Around half of the repatriated assets expected as a result of the tax amnesty are likely go to their owners own companies, a business representative believes. Under the tax amnesty, repatriated assets can be invested in the capital market or… Read More ›
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