TEMPO.CO, Jakarta - The third period (January-March) of tax amnesty program has only seen Rp710 billion in retribution fees paid, far smaller compared to that of the preceding periods of Rp103.2 trillion.
In the first period (July-September 2016), as many as Rp97.2 trillion paid in retribution fee, whereas that of the second period (October-December 2016) was Rp6 trillion.
Director General of Tax Ken Dwijugiasteadi said that his office does not only target the SMEs in the last period of tax amnesty. “Do we only target the SMEs? No. Business owners have yet to join the tax amnesty, a lot of them. That’s our focus as well,” Ken told a press conference in Jakarta on Monday, February 13, 2017.
Once the tax amnesty program ends, the Tax DG will impose the provisions of Article 18 of Law on Tax Amnesty wherein taxpayers failing to join the tax amnesty or do so yet fail to report all of their assets will face two consequences.
Firstly, assets excluded from the asset declaration letter (SPH) by tax amnesty participant will be subject to taxable income with normal tax rate and a penalty of 200 percent of tax underpayment.
Secondly, assets excluded from the tax return (SPT) by tax amnesty participant will be considered taxable income and subject to penalty according to applicable provisions.