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| The directorate general of tax set to launch the second sunset policy tax program by the end of this month as a way to help reach 2015’s tax revenue target. Antara Photo/Zabur Karuru) |
Jakarta.
Indonesia’s directorate general of tax is set to launch its second tax amnesty
program on April 29, as a way to help reach the government’s tax revenue target
of Rp 1,249.3 trillion ($92 billion) for 2015.
This policy
allows corporate and individual taxpayers to pay and report back taxes without
penalty or interest charges for up to one year from the start of the amnesty
date.
President
Joko Widodo will set the policy on April 29, a day before the deadline for
companies to report taxes. The tax office will start taking in back taxes in
May.
This is the
second so-called sunset policy — for either voluntary or mandatory program —
after the first one in 2008 helped increase tax revenue by about a third to a
total of Rp 566 trillion ($44 billion).
“I can’t
predict this year’s tax revenue, but there was a 30 percent growth in 2008, and
I hope that it can grow by over 30 percent this year,” director general of
taxation Sigit Priadi Pramudito said on Thursday.
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