Taxpayers in Indonesia waited until the last minute - as taxpayers everywhere often do. But enough of them responded to a new tax amnesty over the last few days to help make it a relative success as the first phase of the scheme came to a close yesterday.
As of 8pm in Jakarta, Indonesians declared a total of 3,516 trillion rupiah (S$368 billion) worth of assets, both at home and overseas.
This means the initiative has already achieved almost 90 per cent of its 4 quadrillion rupiah target in the first three months of the nine-month-long scheme, which officially kicked off only in mid-July.
Indonesia's tax amnesty 'exceeds expectations', Asia News & Top Stories - The Straits Times
As of 8pm in Jakarta, Indonesians declared a total of 3,516 trillion rupiah (S$368 billion) worth of assets, both at home and overseas.
This means the initiative has already achieved almost 90 per cent of its 4 quadrillion rupiah target in the first three months of the nine-month-long scheme, which officially kicked off only in mid-July.
Indonesia's tax amnesty 'exceeds expectations', Asia News & Top Stories - The Straits Times