Bank Indonesia sees tax amnesty boosting GDP growth to 5.4%
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Jakarta
BANK Indonesia said it's working to maximise the potential benefits of a planned tax amnesty that may help boost economic growth to as much as 5.4 per cent this year.
About 560 trillion rupiah (S$56.6 billion) will be repatriated as a result of the amnesty, Juda Agung, executive director of monetary policy at the central bank, said on Monday. That will result in additional tax revenue of 53.4 trillion rupiah that can be used to add an estimated 0.3 percentage point to the gross domestic product growth rate, he said.
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