Tax Amnesty Helps State Bonds Offering

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Kamis, 1 Januari 1970 07:00 WIB

An officer assists a tax amnesty participant at the country's tax headquarters in Jakarta, September 8, 2016. REUTERS/Darren Whiteside

TEMPO.CO, Jakarta - Robert Pakpahan, Director General of Financing and Risks Management for the Minister of Finance said that with a three year maturity period, the State Bond (ORI) series 013 can be a perfect instrument to invest tax amnesty repatriation of funds.


"Tax amnesty provision, which mandates participants to invest repatriated funds domestically for three years can help absorb ORI offerings this year," Robert said on Thursday, September 29, 2016.


Today, September 29, 2016, the Minister of Finance has started the ORI offering period, which will last until October 20, 2016. By issuing ORI series 013, which offers an annual yield of 6.6 percent, the Ministry of Finance expect to generate Rp 20 Billion of fresh funds.


In addition to State Bonds, Robert said that other investment instruments that can accommodate tax amnesty repatriation funds are limited in number because the 2016 fiscal year will end in just another three months.


"But State Bond is not the only instrument that can be used to invest repatriated funds. In the near future, State-Owned Enterprises will issue global bonds in foreign currency," Robert said.


ANGELINA ANJAR SAWITRI


Tax

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