Bank Mandiri Secures Rp30bn in Redemption Fees from Tax Amnesty

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

Bank Mandiri's logo. REUTERS/Beawiharta

TEMPO.CO, Jakarta - The president director of state-owned PT Bank Mandiri Tbk. Kartika Wirjoatmodjo noted that the bank has accommodated roughly Rp30 billion of redemption fees from its customer who participated in the tax amnesty program.


The figure was based on accumulated reports of 22 individual accounts of Bank Mandiri customers as of Wednesday, July 27, 2016. “It comprises both declared [assets] and redemption [fees],” Kartika told Tempo at Jakarta Stock Exchange Building, Sudirman, Jakarta, Thursday, July 28, 2016.


Kartika explained that the redemption fees were generated from domestic customers. Because Bank Mandiri’s overseas branches would only begin accomodating redemption fees and declared assets next week.


The amount of redemption fees will continue to increase, Kartika said. “It’s still only Rp30 billion, it’s small, but it will improve.”


More so, because the customers’s response had been positive and they had been very enthusiastic during the dissemination of the tax amnesty program, Kartika said. “A lot of customers had asked [about the tax amnesty program], there were hundreds of them. But for them to report [their assets], etc., it would take time.”


The tax amnesty program has been rolled out for 9 days. The Tax DG director for Education, Service, and Public Relations Hesto Yoga Saksama reported that the total repatriated funds have reached Rp1.78 trillion. The government aims to raise Rp165 trillion from tax amnesty program in the revised 2016 state budget (APBNP).


GHOIDA RAHMAH




Tax

Related News

Kadin Warns Elected Govt to be Cautious Over State Revenue Agency Formation

2 hari lalu

Kadin Warns Elected Govt to be Cautious Over State Revenue Agency Formation

Kadin urged the government to be careful in realizing the plan to establish a State Revenue Agency.

Read More

Govt Annuls Policy Restricting Migrant Workers' Carry-on Goods

19 hari lalu

Govt Annuls Policy Restricting Migrant Workers' Carry-on Goods

The government decides to revoke regulations restricting migrant workers' carry-on goods from aboard.

Read More

Indef: Indonesia's 12 Percent VAT Highest in Southeast Asia

46 hari lalu

Indef: Indonesia's 12 Percent VAT Highest in Southeast Asia

The indef researcher responded to the government's plan to raise the value-added tax (VAT) to 12 percent.

Read More

Value-Added Tax Hike to 12 Percent to Raise Basic Commodity Prices: Indef

46 hari lalu

Value-Added Tax Hike to 12 Percent to Raise Basic Commodity Prices: Indef

Indef assesses that the increase in the value-added tax (VAT) to 12 percent will push up the prices of basic commodities.

Read More

Apindo Backs Policy on Carry-on Import Restrictions

47 hari lalu

Apindo Backs Policy on Carry-on Import Restrictions

The Indonesian Employers' Association (Apindo) expresses support for the government's policy on carry-on import restrictions.

Read More

Taxing the Super-Rich: A Tool to Close the Gender Gap

2 Maret 2024

Taxing the Super-Rich: A Tool to Close the Gender Gap

Taxing the ultra-rich, who currently pay almost no taxes, could make a huge difference.

Read More

Sri Mulyani Says January Tax Revenue Reaches Rp149.25 trillion

23 Februari 2024

Sri Mulyani Says January Tax Revenue Reaches Rp149.25 trillion

Finance Minister Sri Mulyani Indrawati says tax revenues in Indonesia reached Rp149.25 trillion as of January 31, 2024.

Read More

Sri Mulyani Extends VAT-free Home Purchase Program

21 Februari 2024

Sri Mulyani Extends VAT-free Home Purchase Program

Indonesian Finance Minister Sri Mulyani Indrawati officially extended the government's zero-value-added-tax (VAT) program for home purchases.

Read More

Prabowo Pledges to Separate Tax DG and Finance Ministry, Economist: 'Don't be Hasty'

21 Februari 2024

Prabowo Pledges to Separate Tax DG and Finance Ministry, Economist: 'Don't be Hasty'

Prabowo plans to form a National Revenue Agency to boost tax ratio

Read More

Top 3 News of the Week: Categories of Foreign Tourists Exempt from Bali's Tourism Tax

19 Februari 2024

Top 3 News of the Week: Categories of Foreign Tourists Exempt from Bali's Tourism Tax

Tempo English compiled the top 3 news on the platform this week, starting from Monday, February 12, 2024, until Sunday, February 18, 2024.

Read More