TANJUNG PANDAN. The Directorate General of Taxation has said that it achieved 75 percent of its target in the tax amnesty that ended on March 31, in what was recorded as the biggest tax amnesty in the country's history. As much as Rp 4.88 quadrillion ($367.22 million) in asset value was declared during the nine-month long tax amnesty. Rp 147 trillion were repatriated assets while the government secured Rp 134.99 trillion in revenue from tariffs, according to the office's recently updated data. While the declared assets exceeded the expectation, the repatriation and tariff revenue did not achieve its target, said tax office spokesman Hestu Yoga Saksama.
Tax amnesty achieves 75 percent of target
TANJUNG PANDAN. The Directorate General of Taxation has said that it achieved 75 percent of its target in the tax amnesty that ended on March 31, in what was recorded as the biggest tax amnesty in the country's history. As much as Rp 4.88 quadrillion ($367.22 million) in asset value was declared during the nine-month long tax amnesty. Rp 147 trillion were repatriated assets while the government secured Rp 134.99 trillion in revenue from tariffs, according to the office's recently updated data. While the declared assets exceeded the expectation, the repatriation and tariff revenue did not achieve its target, said tax office spokesman Hestu Yoga Saksama.