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Indonesia to trace and tax assets kept hidden during amnesty
Tax amnesty declarations and pledged repatriation of assets don't correspond to taxpayers' holdings data
Add BT as a preferred sourcePublished Tue, Sep 19, 2017 · 09:50 PM
Jakarta
INDONESIA'S government has issued new regulations aimed at tracing and taxing the wealth of taxpayers who were not pardoned in the nine-month tax amnesty that ended in March.
Around 972,000 taxpayers joined the amnesty programme and declared assets worth a total of 4,881 trillion rupiah (S$495.58 billion). About 24 per cent of that was held offshore, mostly in Singapore, and only a small percentage of it was pledged to be brought back home.
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