Posts Tagged ‘tax amnesty’

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Southeast Asia’s biggest economy this month is winding up one of world’s most successful tax amnesties, with at least 745,000 taxpayers declaring more than $330 billion of assets so far.

Delinquent estate taxpayers have a reason to celebrate following the third reading approval of a bill granting amnesty for unpaid estate taxes and another bill simplifying the estate tax rate. The House of Representatives on Monday approved on final reading House Bill 4814 granting amnesty in the payment of estate tax, and House Bill 4815 […]

The first major deadline in Argentina’s tax amnesty plan loomed on Monday, a crucial test of interest in declaring hidden assets the government is counting on to boost revenue and jump-start economic growth.

Indonesia’s government must make it clear to errant taxpayers that an amnesty program, which has revealed almost $300 billion in undeclared assets, is the last chance to fix their affairs before full penalties are applied, the Organisation for Economic Cooperation and Development said.

Taxation director general Ken Dwijugeasteadi has said he is not satisfied with the results of the first round of the tax amnesty program even though it has collected Rp 97.2 trillion (US$7.49 billion) in redemption or 58.99 percent of a Rp165 trillion target goal.

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