Indonesia widens crackdown on tax cheats as amnesty closes
Jakarta
WITH Indonesia's tax amnesty coming to an end, the authorities are now setting their sights on those who didn't participate and continue to evade taxes.
Officials plan to scrutinise credit-card data from banks and compare those with tax reports after the amnesty programme uncovered more than US$355 billion in previously undeclared assets.
While the participants in the amnesty would be "supervised", the rich or large taxpayers who didn't take part would pay a much heavier price, including penalties of …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Warner Bros CEO earned US$49.7 million in strike-impacted year
Teheran signals no retaliation against Israel after drones attack Iran
India central bank cannot let its inflation guard down just yet, MPC minutes show
China’s Jan-March foreign investment inflows down 26%
South Korea government offers first compromise to end doctors' strike
Japanese AI tool predicts when recruits will quit jobs