MUMBAI: Indonesia’s government must make it clear to errant taxpayers that an amnesty programme, which has revealed almost US$300bil in undeclared assets, is the last chance to fix their affairs before full penalties are applied, the Organisation for Economic Cooperation and Development said.
“Authorities must communicate clearly that this offer will not be repeated,” the OECD said in a report on Indonesia’s economy released yesterday in Jakarta. The amnesty was well-timed, the OECD said, as it comes within two years that global rules will be adopted to allow countries to exchange information to reduce the risk of tax evasion.