The report made by taxpayers in tax amnesty (TA) program has reached IDR 1.307 trillion or by 33% from the government projection of IDR 4.000 trillion per 22 September 2016. Directorate General of Taxation is positive it will reach IDR 45 trillion by end of September.
The report of local assets reached IDR 883 trillion, global assets reached IDR 352 trillion, repatriation funds of IDR 71.8 trillion, and tax fine of IDR 36.3 trillion or 22% from target of IDR 165 trillion.
Yustinus Prastowo, Tax Analyst, said that the TA program improved better than a similar program in Italy that only succeed declaring a property by 20% from target.
Hestu Yoga Saksama, Director of Counseling, Services and Public Relations, said the declaration and the repatriation will be significant towards the end of the first period on 30 September 2016. Indonesian Chamber of Commerce and Industry has committed to join TA on 27 September.
Indonesian Chamber of Commerce and Industry predicts that the fund from big entrepreneurs will boost the repatriation of IDR 250 trillion and suggests the government to extend the program. But, the government has not decided because the consequence is the revision of TA Law. (*)
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