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Jakarta Post

Tax office reminds amnesty taxpayers to report repatriated wealth

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, March 14, 2019   /   10:44 am
Tax office reminds amnesty taxpayers to report repatriated wealth Directorate general of Ttaxation spokesman Hestu Yoga Saksama (tribunnews.com/Seno)

The Finance Ministry's directorate general of taxation is reminding taxpayers who participated in the government's tax amnesty in 2016 and 2017 that they are required to report any wealth they had repatriated to Indonesia.

Directorate general of taxation spokesman Hestu Yoga Saksama said in Jakarta on Wednesday that all tax amnesty participants were required to report the location or investment of their repatriated wealth.

The directorate general required repatriated wealth reports to be submitted each year over three years. The deadline for submitting the reports was the same date as the deadline for the individual tax return (SPT).

“The report for the first year was submitted in 2017. The year two report was submitted in 2018, and the year three report is to be submitted in 2019,” Hestu said as quoted by kontan.co.id.

He said wealth reports could be submitted through the tax office's website (djponline.pajak.go.id). They could also be delivered in person or by courier to the appropriate tax office.

Hestu said that 80,000 tax amnesty participants had reported their repatriated wealth by Wednesday, while 530,000 out of the total 922,000 tax amnesty participants – or 57.5 percent of all participants – were still required to submit repatriated wealth reports.

The other tax amnesty participants fell under the small and medium-sized enterprises (SMEs) category, which were required to declare their overseas wealth but were not required to repatriate their wealth.

“The [wealth report] requirement does not apply to SME tax amnesty participants under the 0.5 percent tax rate on declared [overseas] wealth of up to Rp 10 billion, of those under the 2 percent tax rate on wealth of more than Rp 10 billion,” Hestu said. (bbn)