Tax Whistleblower Volunteers Mostly Billionaires: Here's the Breakdown

Economics & Macro

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Dzulfiqar Fathur Rahman 06/04/2022 17:30 WIB

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The majority, or 40.63%, of taxpayers participating in the Voluntary Disclosure Program (PPS) in the individual category are billionaires, with total assets ranging from Rp1 billion to Rp10 billion.

Proportion of Participants in the Voluntary Disclosure Program (VDP) for Individuals by Asset Size (March 28, 2022)

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Tax Whistleblower Volunteers Mostly Billionaires: Here's the Breakdown

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Proportion of Participants in the Voluntary Disclosure Program (VDP) for Individuals by Asset Size (March 28, 2022)

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The majority of participants in the Voluntary Disclosure Program (PPS) in the individual category are billionaires.

40.63% of PPS participants have total assets between Rp1 billion and Rp10 billion. Meanwhile, 34.67% have assets ranging from Rp10 billion to Rp100 billion, as shown in the graph.

These figures were reported by the Minister of Finance (Menkeu) Sri Mulyani in the *Our State Budget (APBN Kita) March 2022 Press Conference* held on Monday, March 28.

As of March 28, 2022, only 1.12% of PPS participants had assets ranging from Rp1 trillion to Rp10 trillion, and only 0.11% had assets exceeding Rp10 trillion.

Based on profession, 45% of the total taxpayers participating in the PPS are employees, followed by retailers and wholesalers at 34.1%.

According to the explanation on the official Ministry of Finance website, the PPS is a program aimed at increasing voluntary taxpayer compliance through the disclosure of previously unreported assets.

Taxpayers participating in the PPS will receive a tax rate discount, provided they commit to investing a portion of their disclosed assets in domestic business sectors.

As of April 6, 2022, the total number of PPS participants had reached approximately 33,000 people, with a total declared net asset value of approximately Rp54.8 trillion, and income tax (PPh) paid reaching Rp5.6 trillion.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Tax Whistleblower Volunteers Mostly Billionaires: Here's the Breakdown

Tax Whistleblower Volunteers Mostly Billionaires: Here's the Breakdown

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