Tax Amnesty Collection Reaches Rp 231 Billion

Economics & Macro

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09/08/2016 15:55 WIB

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Tax Amnesty Redemption Value (as of 8/8/2016)

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Tax Amnesty Redemption Value (as of 8/8/2016)

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From July 18 to August 8, 2016, following the implementation of the tax amnesty policy, a total of Rp 231.4 billion in penalties was collected from taxpayers. This comprises Rp 36.4 billion from non-SME corporate entities and Rp 0.78 billion from SME corporate entities. For individual taxpayers, Rp 182.3 billion was collected from non-SME individuals and Rp 12 billion from SME individuals.

The government targets Rp 165 trillion in state revenue from the tax amnesty program by its end date of March 31, 2017. Revenue from this tax amnesty policy is expected to offset the projected Rp 219 trillion shortfall in tax revenue by the end of 2016.

"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 Amnesty Collection Reaches Rp 231 Billion

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