Indonesia fails to meet tax amnesty targets

Source: Xinhua| 2017-04-03 19:20:39|Editor: ying
Video PlayerClose

JAKARTA, April 3 (Xinhua) -- Indonesian government reaped some 135 trillion rupiah (about 10.1 billion U.S. Dollars) of funds which would be used as additional tax revenue from the recently closed-down tax amnesty program, falling short from the initial target set at 165 trillion rupiah (about 12.3 billion U.S. Dollars).

The nine-month program that began in July last year ended up in unexpected figures with several targets failed to complied with during the tax amnesty period.

As of the program's closure time at Friday midnight, Indonesian tax office recorded 4,854.6 trillion rupiah (about 364.3 billion U.S. Dollars) worth of unreported assets declared by almost 1 million taxpayers taking part in the program.

"Learning from these figures, the taxation director general office has to improve itself. Indonesia is still lagging in tax compliance," Indonesian Finance Minister Sri Mulynai said to address the closing of tax amnesty program.

She added that even though the figures have not met the targets, result from the tax amnesty program was considerably good.

According to the minister, additional tax funds raised from Indonesian tax amnesty program was higher than outcomes of similar program in other countries.

The minister said the closure of amnesty program also marks the beginning of a tax compliance era in Indonesia where no one can escape from tax.

In the event the ministry launched a Kartin1 card for taxpayers that holds taxpayer's identity, combined with several social assurance purposes.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001361803701