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Declared, repatriated assets mostly come from Singapore: Tax office
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Director general of taxation Ken Dwijugeasteadi (left), Finance Ministry assistant for tax supervision Puspita Wulandari (middle) and tax office spokesperson Hestu Yoga Saksama present an update of the tax amnesty program in Jakarta on Aug. 30. (JP/Ayomi Amindoni)
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ost of the overseas assets declared and repatriated during the two months the tax amnesty has been offered have come from Indonesia’s neighboring country, Singapore – to the amount of Rp 36 trillion (US$2.74 billion), a tax senior official has said.
The Finance Ministry's taxation director general Ken Dwijugiasteadi said that as of Sept. 5, Indonesia’s delinquent taxpayers had declared Rp 223 trillion worth of assets and redeemed Rp 4.78 trillion. Of the total, Rp 175.21 trillion worth of assets are from Indonesia while from overseas, the ministry recorded Rp 35.60 trillion worth of declared assets and Rp 13.08 worth of repatriated assets. .
"Singapore has Rp 30 trillion worth of declared assets and Rp 6 trillion worth of repatriated assets, placing it at the top of the countries with the highest amount of assets declared and repatriated. Australia ranks second with repatriated assets amounting to Rp 124 billion and declared assets worth Rp 2.4 trillion," Ken said in Jakarta on Tuesday. He said overseas declared assets came from Switzerland, the United States and the Virgin Islands.
He said individual taxpayers still dominated the tax amnesty program, in which declared assets and redemptions amounted to Rp 10.86 billion and Rp 259 million on average per individual taxpayer respectively.
According to the ministry, 15,298 declaration letters filed by individual taxpayers posted Rp 166 trillion worth of declared assets and Rp 3.96 worth of redemptions.
“Meanwhile, SMEs taxpayers have declared Rp 30.13 trillion worth of assets, with redemptions amounting to Rp 280 billion," Ken said.
He said 1,851 declaration letters from SME business taxpayers collected only Rp 0.01 trillion worth of redemptions and Rp 1.67 trillion worth of declared assets, which was quite small.
Meanwhile, 4,253 declaration letters from non-SME business taxpayers collected Rp 4.78 trillion worth of redemptions and Rp 6.5 trillion worth of declared assets. (ebf)
