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Govt to revoke licenses of disobedient tax amnesty gateways
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Director general of taxation Ken Dwijugeasteadi (left to right), Finance Ministry assistant for tax supervision Puspita Wulandari, and tax office spokesperson Hestu Yoga Saksama present an update of the tax amnesty program in Jakarta on Aug. 30. (JP/Ayomi Amindoni)
T
he government will continue to enhance supporting regulations of its tax amnesty program, in which its first implementation period imposing the greatest penalties will come to a close at the end of September, a senior tax official has said.
The Finance Ministry’s taxation director general, Ken Dwijugiasteadi, said Directorate General of Taxation Regulation No.12/PJ/2016 on gateway reporting procedures was the latest government regulation issued to optimize the implementation of its tax amnesty program.
Under the regulation, he said, tax amnesty gateways must present a report to the director general of taxation on the flow of funds or investment they received. If they do not comply, their gateway licenses will be revoked, he went on.
"Sanctions will be imposed in form of either a warning letter or revocation of gateway license. These sanctions will be announced to the public and submitted to the relevant authorities," Ken said on Tuesday.
As reported earlier, the government has appointed 18 banks, 18 investment management firms and 19 securities companies as gateways for trillions of rupiah in repatriated assets expected to flow into Indonesia through the tax amnesty program.
Ken further said under the regulation, all gateways must submit a report on the opening of a special account and funds transferred into the account. They also must submit a report on investments of taxpayers every month and on all funds or investment transfers carried out between gateways, he added.
"This obligation will be effective within three months since funds of those tax payers are transferred to the special account," Ken said. (ebf)
