Indonesia's planned tax amnesty could bring home 560t rupiah: central bank gov

[JAKARTA] A tax amnesty programme planned by Indonesia's government could potentially attract home 560 trillion rupiah (S$57.4 billion) of assets stashed offshore, the central bank governor told a parliamentary commission on Monday.

The amnesty programme could also increase the government's tax revenue by 45.7 trillion rupiah, Governor Agus Martowardojo told the commission overseeing finance. "The tax amnesty is part of an overhaul of the tax system. Therefore, it should lead to an improvement of people's welfare," he said.

REUTERS