TEMPO.CO, Jakarta - After four weeks since it was first rolled out on 19 July, the tax amnesty program has pulled-in Rp954.27 billion of tax retribution as of August 23, 2016. According to the Tax Directorate General, the total amount of funds repatriated is Rp1.52 trillion.
The Tax DG's director of services, education, and public relations Hestu Yoga Saksama said the retribution fee total comprises of Rp735 billion from non-SME individual taxpayers and Rp150 billion from non-SMEs corporate taxpayers.
The retribution paid by SME individual taxpayers reached Rp66.4 billion, while SME corporate taxpayers had paid Rp3.05 billion in retribution. Hestu said the retribution paid came from the declared and repatriated assets, which have reached Rp47.3 trillion in total.
From the amount of the declared assets, Rp39.8 trillion are domestic assets and Rp6.03 trillion are overseas.
From the tax amnesty program, the government is targeting to garner Rp165 trillion revenues as set in the 2016 Revised State Budget.
Finance Minister Sri Mulyani said that based on the ministry's records, more than 50 percent of the reported assets are located in Singapore, Australia, Hong Kong, USA, Canada, England, and Malaysia.
Sri said that highest value of declared overseas assets belonging to Indonesians is from Singapore. "(Indonesians' assets) in Singapore accounted for 42 percent of the tax amnesty's declared assets per August 20, 2016," she said.
ANGELINA ANJAR SAWITRI