INDONESIA TAX AMNESTY PROGRAM MORE SUCCESSFUL THEN 6 OTHER COUNTRIES

Crowded tax payers to be served

In spite of World economic growth tend to slower, Indonesia economic growth still going strong after China and India above 5% in 2016. This positive outlook can happened as the effect of successful of Tax Amnesty program that begin since July 2016.

Public crowded Tax offices took long line to follow the program especially in the last month of September 2016, the end of 1st stage.

This successful amnesty program indicates that there exists a high degree of trust among the Indonesian population in the current Government. Perhaps also the appointment of Sri Mulyani Indrawati, a highly respected technocrat who previously served as managing director at the World Bank for six years, as Indonesia's Finance Minister(the 37th Influence Women in the World)

Indonesia's tax amnesty program in 2016/2017 is already more successful compared to similar programs in Italy (2009), Chile (2015), Spain (2012), South Africa (2003), Australia (2014) and Ireland (1993).

Up to 11:00 pm local Jakarta time on Wednesday (28/09), the government had collected IDR 84.6 trillion (approx. USD $6.5 billion) in additional tax money under the amnesty program, or roughly 51 percent of its target (IDR 165 trillion).
Meanwhile, some 8,500 new taxpayers have been added to the database of Indonesia's Tax Office since the launch of the program in July 2016.

We expect that this program will reach the target until the 2nd and 3rd phase, March 2017. The funds collected will support the Economic program, increase tax ratio and stronger Indonesia's currency, Rupiah.