You are here

Jokowi plans tax amnesty to lure cash back

Money repatriated to Indonesia will not be taxed, companies will get tax break
Saturday, February 7, 2015 - 05:50

BT_20150207_DNTAX7_1503797.jpg
MR JOKO: The president wants to revive an economy growing at its slowest pace in five years

Jakarta

INDONESIAN President Joko Widodo is planning a tax amnesty in a bid to convince Indonesians to bring back funds held offshore as he seeks to narrow the current-account deficit.

The government will revise rules so people repatriating money won't have to pay tax on it and

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom