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AKARTA: The government announced on Tuesday that it had recorded Rp 989 billion (US$75 million) of declared assets in its tax amnesty program.

Of the amount, Rp 735 million came from domestic declarations while Rp 253 million was from offshore assets declarations, said Finance Ministry head of policy harmonization and analysis Luky Alfirman.

As much as Rp 23.7 billion of penalty payments were booked from the declarations while 82 tax amnesty statement letters were submitted to tax offices. “However, there has been no asset repatriation as yet,” Luky told journalists.

He said the public was enthusiastic about the program as seen in full-house dissemination events in Surabaya, East Java and Medan, North Sumatra. As many as 3,200 calls had also been received by the tax amnesty call center during its eight days of operation. “The enthusiasm is higher than our Sunset Policy program in 2008,” he added.

The government is aiming to book Rp 165 trillion of penalty payments, Rp 3 quadrillion in domestic assets declarations and Rp 1 quadrillion in asset repatriation during the amnesty program, which runs until next March. — JP/prm