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Jakarta Post

Tax amnesty final round targets SMEs, professionals

  • News Desk

    The Jakarta Post

Jakarta   /   Tue, February 7, 2017   /  03:46 pm
Tax amnesty final round targets SMEs, professionals Taxpayers consult with tax office staff as they apply for the tax amnesty at the East Java Tax Office II in Sidoarjo, East Java, on Aug. 8. (Antara Photo/Umarul Faruq)

Finance Minister Sri Mulyani Indrawati has said the government would mainly target small and medium enterprises (SMEs) and professionals in the final round of the tax amnesty, which will end in late March.

The Directorate General of Taxation has carried out mapping to facilitate the work of tax officials and give the government a more accurate taxpayer database, Sri Mulyani said on Tuesday.

“This is the final round. We have disseminated information about the program to medium-level economic players and professionals,” said Sri Mulyani.

(Read also: Tax amnesty fails to boost taxpayer numbers)

Head economist at Samuel Securities Lana Soelistianingsih agreed with Sri Mulyani, saying that the number of large Indonesian business players repatriating their wealth has declined in the third round as many of them had taken part in the first and second rounds.

“So in the third round, the government is focusing on a certain target. The government needs to prepare the human resources and strategy,” said Lana as reported by tribunnews.com

According to the Finance Ministry’s directorate general of taxation, repatriated funds during the first and second rounds reached Rp 141 trillion (US$10.57 billion), foreign declared assets Rp 1,015 trillion and domestic declared assets Rp 3,198 trillion. (bbn)   

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