Jakarta's tax amnesty hampered by limited investment options

Sydney

INDONESIA'S tax amnesty is being held back by limited investment options for individuals and companies to repatriate their funds into, National Development Planning Minister Bambang Brodjonegoro said. While the government remains upbeat about the plan, which runs until March, Mr Bambang said that some of the largest evaders were yet to participate.

"Clearly, the so-called big taxpayers - which are quite many, many in terms of number, maybe hundreds or more - they are not participating yet in the tax amnesty," he said in an interview on Friday in Sydney. "They prefer to wait and see."