Jakarta must signal tax amnesty won't recur: OECD

Mumbai

INDONESIA'S government must make it clear to errant taxpayers that an amnesty programme, which has revealed almost US$300 billion in undeclared assets, is the last chance to fix their affairs before full penalties are applied, the Organisation for Economic Co-operation and Development said.

"Authorities must communicate clearly that this offer will not be repeated," it said in a report on Indonesia's economy released on Monday in Jakarta. The amnesty was well-timed, the OECD said, as it comes within two years that global rules will be adopted to allow countries to exchange information to reduce the risk of tax evasion.