Tax Amnesty Update: State Pockets IDR 8 Trillion From 41,622 'Repentant' Taxpayers

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - The Directorate General of Taxes (DGT) of the Ministry of Finance reports that as of Sunday, May 8, 2022 at 08.00 the number of taxpayers (WP) who have participated in the Voluntary Disclosure Program (PPS) has reached 41,622 WP.

From this amount, 47,963 certificates were obtained with a revealed net worth of IDR 79.5 trillion.

This value consists of a declaration of domestic assets and repatriation funds of Rp. 68.5 trillion, a declaration of foreign assets of Rp. 6.1 trillion, and funds included in investment instruments of Rp. 4.7 trillion.

Meanwhile, the value of net assets that go directly to the state treasury in the form of income tax receipts or PPh is IDR 8 trillion.

To note, the PPS is planned to continue until June 30, 2022. In this program, taxpayers are given the opportunity to disclose assets that have not been reported to the state.

As compensation, the government then imposed a special tariff as an incentive, which was much lower than normal conditions.

The Voluntary Disclosure Program is often referred to as the tax amnesty program alias tax amnesty volume II. Previously, the government had implemented the same scheme in 2016 and 2017.

For information, taxes are the largest source of state revenue compared to other sectors. Quoting the Ministry of Finance broadcast, tax revenue grew 38.4 percent (year on year/yoy) in March 2022 to Rp401.8 trillion from the same period the previous year of Rp290.4 trillion.

This nick also supports the posture of the 2022 State Budget with a record surplus of IDR 10.3 trillion at the end of the first year of this year.