Agustha Lumban Tobing (for Info only, not official)

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Agustha Lumban Tobing

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    ...The policy was intended to raise desperately needed tax revenue to finance, among other things, the government’s spending spree of infrastructure programmes. The amnesty, along with the ministry of finance’s (MoF’s) push to use the Automatic Exchange of Information (AEOI) (goo.gl/gKu3Y9) mechanism as well as toughening up enforcement on tax cheats, is a welcome endeavour to capture individuals and corporations who conceal their income and wealth from the tax net. Indonesia’s tax amnesty caused confusion, if not panic, not just among the many people who scrambled to either file their first tax return or to file them (somewhat more) accurately for once but also among tax officials and accountants around who saw their workload spike; this year’s deadline for filing tax returns even had to be delayed. ...

    Live Mint on Aug. 20, 2017, 11:41 p.m.