TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Minister gives taxpayers another chance to declare hidden wealth
Finance Minister Sri Mulyani has issued a revised regulation to give another change for taxpayers who did not avail of the tax amnesty or have not listed assets in their annual tax return to (SPT) to immediately report their wealth.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Finance Minister Sri Mulyani Indrawati. (Antara/Puspa Perwitasari)
F
inance Minister Sri Mulyani Indrawati has issued a revised regulation to give another change for taxpayers who did not avail of the tax amnesty or have not listed assets in their annual tax return to (SPT) to immediately report their wealth.
“Under the revised regulation, we are giving another change to taxpayers to honestly report their wealth, either in a statement or in an SPT,” said Sri Mulyani at a press conference in Jakarta on Friday as reported by kontan.co.id.
The regulation was originally intended to facilitate tax amnesty participants to change register property held in name of someone else in their own names without paying tax. However, the revised version also pardons those who have not reported their wealth.
Read also: Tax office to collect taxes on hidden wealthTax officials previously said any undeclared wealth owned by people who did not avail of the tax amnesty would be considered additional income and they would be required to pay tax plus fines.
“The Tax Amnesty Law has no expiry date and therefore any taxpayers found to not have declared their wealth will be punished,” Sri Mulyani warned.
She explained that one of the reasons for the new regulation was that some people who had availed of the tax amnesty had not declared all of their wealth. (bbn)
