Indonesia to trace and tax assets kept hidden during amnesty


  • World
  • Tuesday, 19 Sep 2017

Indonesia's Finance Minister Sri Mulyani Indrawati speaks during the International Tax Conference in Jakarta, Indonesia, July 12, 2017. REUTERS/Beawiharta

JAKARTA (Reuters) - Indonesia's government has issued new regulations aimed at tracing and taxing the wealth of taxpayers who were not pardoned in the nine-month tax amnesty that ended in March.

Around 972,000 taxpayers joined the amnesty programme and declared assets worth a total of 4,881 trillion rupiah (272 billion pounds). About 24 percent of that was held offshore, mostly in Singapore, and only a small percentage of it was pledged to be brought back home.

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