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Indonesia Finance Ministry says will consider another tax amnesty

  • 📰 The Straits Times
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JAKARTA (REUTERS) - Indonesia might again offer a tax amnesty but it is aware of shortcomings of the one launched in 2016, media quoted Finance Minister Sri Mulyani Indrawati as saying on Friday (Aug 2).. Read more at straitstimes.com.

JAKARTA - Indonesia might again offer a tax amnesty but it is aware of shortcomings of the one launched in 2016, media quoted Finance Minister Sri Mulyani Indrawati as saying on Friday .

Jakarta's amnesty was regarded as among the world's most successful due to the size of assets declared and the revenue generated, but some also criticised it for failing to significantly widen Indonesia's narrow tax base. Media outlets said when asked at a forum about a repeat of the tax amnesty, Ms Indrawati said it's possible, though she also said she feared a second one might encourage more tax avoidance.

The Organisation for Economic Cooperation and Development , in a report earlier this year, said Indonesia has the lowest tax-to-GDP ratio in Asia-Pacific.

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