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The Final Tax Amnesty Warning

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· 3 minutes read

In conjunction with the end of the last period of tax amnesty on March 31, President Joko Widodo gave a final warning to the public.

The President reminded people to take advantage of the amnesty. The President and other officials also reminded that taxpayers who failed to take advantage of this momentum would be pursued by the tax authorities, particularly with the immediate issuance of the government regulation in lieu of law (Perppu) related to the disclosure of banking customer data in the near future.

With this regulation, it will become possible for the tax authorities to access the data of taxpayers implicated in taxation crimes. The Perppu itself will be issued as a part of the Indonesia’s obligation for global cooperation in the Automatic Exchange of Information (AEoI) framework, which involves hundreds of countries around the world and will come into effect in 2018. Countries not taking part in AEoI will be ostracized and included on a taxation blacklist.

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