Three Weeks Ahead Of Tax Amnesty Volume II, State Pockets IDR 14 Trillion From Repentant Taxpayers

JAKARTA - The government through the Directorate General of Taxes (DGT) of the Ministry of Finance reported that as of June 9, 2022, the number of participants participating in the Voluntary Disclosure Program (PPS) or tax amnesty was recorded at 68,762 taxpayers (WP).

Of this amount, 81,180 certificates were obtained with a declared asset value of more than Rp. 144.2 trillion.

In detail, the value of assets disclosed from within the country and repatriated funds reached Rp125.5 trillion. Then, for the disclosure of assets abroad amounting to Rp. 11.1 trillion.

Then, the wealth disclosed and entered into investment instruments provided by the government is IDR 7.4 trillion.

Meanwhile, the value of net state revenue from income tax (PPh) levies is said to reach Rp. 14.4 trillion.

For information, PPS is a special program organized by the government to provide an opportunity for taxpayers to report assets that have not been declared in the past. The program, which is often referred to as the second volume of tax amnesty, is planned to last until June 30 after previously starting on January 1.

In the special scheme of the Voluntary Disclosure Program, taxpayers are given a levy facility of 6 percent to 11 percent. This figure is much lower than normal conditions, which can reach tariffs of around 20-30 percent.

The government itself claims to have prepared tax sanctions of up to 200 percent for taxpayers who are considered absent and do not report taxable assets until the specified time limit.