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Finance minister laments low tax amnesty participation
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Finance Minister Sri Mulyani Indrawati speaks to the media after her inauguration at the State Palace in Jakarta on July 27. (AP Photo/Tatan Syuflana)
D
espite the high enthusiasm seen in every tax amnesty program dissemination event held throughout the country, the number of program participants are still below the government's target, Finance Minister Sri Mulyani “Ani” Indrawati said on Monday evening.
"Regarding the increase in the number of participants, is still far from what is targeted. So, as the finance minister, I will continue to investigate," Ani said after a meeting with President Joko "Jokowi" Widodo at the State Palace on Monday evening.
Ani said businesspeople needed to consider participating in the government's flagship program to increase tax revenues and spur economic growth.
She added that her ministry would also communicate with the Indonesian Employers Association on asset conversion of special purpose vehicle (SPV) companies, which is often used to secure assets and liabilities overseas. "We are preparing a finance ministerial regulation to address that need. So hopefully there's no reason for them to not participate," Ani said.
As of Monday, the total amount of declared and repatriated assets stood at Rp 26.7 trillion from 4,203 taxpayer, of which Rp 22.7 trillion comprised domestic assets declared, Rp 2.97 trillion overseas assets declared, and the remaining Rp 1.03 trillion repatriated assets. Meanwhile, redemption had amounted to Rp 545 billion, or 0.3 percent of the government's target of Rp 165 trillion. (dmr)
