Indonesia's Tax Amnesty Bill Needs more Deliberation
Due to the lengthy talks needed among the Indonesian government and House of Representatives (DPR) about the Tax Amnesty Bill, there may be a further delay in implementing the bill that was originally planned to be implemented in early 2016. The government's proposed Tax Amnesty Bill offers low tax rates (and protection from prosecution) to those who declare untaxed wealth and repatriate their funds back to Indonesia. Through this bill the government aims to finance the widening budget deficit and obtain fresh tax revenue.