Indonesia concluded its second tax amnesty in half a decade with authorities now shifting focus toward compliance and enforcement.
Following a six-month tax amnesty program, Indonesia uncovered $39.8 billion of hidden assets which earned around $4.1 billion of additional tax revenue, according to Finance Minister Sri Mulyani.
The latest program, which saw 247,918 taxpayers participate, was Indonesia's second tax amnesty in five years. A 9-month program in 2016 and 2017 uncovered $300 billion of assets and generated $9 billion in revenue.
«We’re not going to hold another tax amnesty. All the data that we got from this program will become our baseline to do enforcements,» Mulyani said at a news conference last week.
