31 Mar '17, 10am

Late rush to join Indonesia tax amnesty after $501 billion declared - The Straits Times

JAKARTA (REUTERS) - Hundreds of Indonesians queued from before dawn on Friday (March 31) at Indonesia's main tax office in the capital, seeking to join the final day of a government tax amnesty that has already seen nearly US$360 billion (S$502 billion) of assets declared. The government provided makeshift tents for the crowd and Ken Dwijugiasteadi, director general of taxes at Indonesia's finance ministry, pledged staff would keep administering the last-minute rush of people until late. "We will be open until midnight and banks will offer services until 9pm today," Dwijugiasteadi told reporters. The amnesty programme was introduced last year as President Joko Widodo sought to cover a budget deficit and get taxpayers to repatriate previously concealed overseas assets. The government has dubbed programme as among the most successful in the world in terms of revenue it gener...

Full article: http://www.straitstimes.com/asia/se-asia/late-rush-to-joi...

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