Indonesian parliamentary commission approves tax amnesty bill

Jakarta

AN Indonesian parliamentary commission approved a tax amnesty bill on Monday, ensuring that the government's plan to offer low rates for taxpayers who declare untaxed wealth will go into effect soon. Parliament votes on the bill on Tuesday.

Based on the agreed draft, the government can start offering an amnesty rate of between 2 per cent and 10 per cent for taxpayers coming forward with their untaxed wealth at home and abroad until March 2017.