Update Tax Amnesty Program Indonesia: First Days after Launch
According to an Indonesian tax official, 149 taxpayers have already filed for Indonesia's tax amnesty program (which was launched on Monday 18 July 2016) at North Jakarta's Tax Office. Eleven have already settled their tax debt. However, spokesperson for the Directorate General of Taxation, Hestu Yoga Saksama, provided no information about the amount of tax revenue or repatriated funds that are involved. Saksama is optimistic that the government's target of seeing the repatriation of IDR 1,000 trillion (approx. USD $76 billion) worth of previously undeclared offshore assets into Indonesia will be achieved.