Indonesia includes tax amnesty bill in 2025 priority legislation, lawmaker says
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Two tax amnesty programmes in 2016 and 2022 had collectively uncovered more than $436 billion worth of unreported assets.
PHOTO: REUTERS
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JAKARTA – The legislative body of Indonesia’s Parliament has included a tax amnesty bill as priority legislation this year, a lawmaker said on Sept 19, in another bid to generate state revenue from undeclared assets.
South-east Asia’s biggest economy carried out two tax amnesty programmes, in 2016 and 2022, which collectively uncovered more than US$340 billion (S$436 billion) worth of unreported assets.
Taxpayers were offered lower-than-normal tax rates if they disclosed hidden assets, while authorities pledged to penalise those who did not participate.
The government at the time had promised not to hold further amnesties, but to improve tax compliance.
The tax amnesty bill had been on the priority list from the beginning and was not suddenly included, lawmaker Martin Manurung told Reuters, adding it would still require a wider parliamentary vote at a later date.
He provided no details of the proposed bill and referred Reuters to Parliament’s commission for finance affairs.
It was not immediately clear what the bill would entail and Indonesia’s Finance Ministry did not immediately respond to a request for comment. REUTERS
