KONTAN.CO.ID - JAKARTA. Indonesian President Joko Widodo's second tax amnesty programme has unearthed previously unreported assets worth nearly $600 million in its first month. Jokowi, as the president is known, launched the current amnesty programme on Jan. 1 and it will run throughout the first half of 2022. No target has been announced for the value of assets the government hopes will be declared. The government has described Jokowi's first amnesty, held for nine months from 2016 to 2017, as one of the world's most successful because it uncovered more than $300 billion worth of assets previously hidden from tax authorities.
Indonesia Uncovers Nearly US$ 600 Million Assets in 1st Month of Tax Amnesty
KONTAN.CO.ID - JAKARTA. Indonesian President Joko Widodo's second tax amnesty programme has unearthed previously unreported assets worth nearly $600 million in its first month. Jokowi, as the president is known, launched the current amnesty programme on Jan. 1 and it will run throughout the first half of 2022. No target has been announced for the value of assets the government hopes will be declared. The government has described Jokowi's first amnesty, held for nine months from 2016 to 2017, as one of the world's most successful because it uncovered more than $300 billion worth of assets previously hidden from tax authorities.