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Indonesian Expert Group To Monitor Amnesty Program

by Mary Swire, Tax-News.com, Hong Kong

19 July 2016


Indonesia has created a special tax force comprising officials from the Finance and Development Supervisory Agency and the Intelligence Agency of Indonesia to supervise the newly launched tax amnesty program, President Joko Widodo has said.

The amnesty program - one of a number offered in recent years – is aimed at encouraging taxpayers to regularize their tax affairs. A Bill in this regard was passed by the House of Representatives on June 28, 2016.

"We need public trust to build the country," the President said, hoping that the program will draw participation from all Indonesians. "Declare all money in the country; bring back the money abroad. It is time for us to participate in the program for the country."

The President also stressed that the confidentiality of data received under the program will be protected. "Data confidentiality is guaranteed. They will neither be used as the basis for crime investigation and prosecution, nor be prompted or given to anyone. Anyone leaking the data will be subject to a maximum punishment of five years," he said.

The tax amnesty program will run until March 31, 2017.

TAGS: individuals | compliance | Finance | tax | business | tax compliance | tax avoidance | law | enforcement | ministry of finance | tax authority | offshore | legislation | Indonesia | tax reform | trade | Tax | Tax Evasion

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