JAKARTA - Minister of Finance (Menkeu) Sri Mulyani has just finished giving a presentation related to the end of the Voluntary Disclosure Program (PPS) aka tax amnesty volume II. In his statement, the Minister of Finance alluded to the majority of the assets of Indonesian taxpayers (WP) abroad that are kept in Singapore.
According to the state treasurer, the declaration of foreign assets and repatriation of PPS net assets abroad came from the neighboring country in Southeast Asia. "Singapore is still the first, becoming the majority even with a total value of Rp. 56.9 trillion in assets," he said at the Head Office of the Directorate General of Taxes, Jakarta on Friday, July 1.
The Minister of Finance explained that this value was reported by 7,997 taxpayers and resulted in a net income tax of IDR 7.2 trillion. Followed by the British Virginia Islands with a declaration value of IDR 4.9 trillion from 50 taxpayers and generating income for PPh of IDR 601.9 billion.
"This (British Virginia Islands) is a tax haven," he said.
Then, the next place is Hong Kong with a declaration of assets of IDR 3.5 trillion from 432 taxpayers and income tax of IDR 440.7 billion. Then Australia with the disclosure of assets of Rp. 2.7 trillion from 1,154 Wp and the value of PPh of Rp. 327.1 billion.
Next, there are countries from China, Malaysia, the United States, India, Switzerland, the United Kingdom, the US Virginia Islands, Canada, the Cayman Islands, the Philippines, and the United Arab Emirates.
Broadly speaking, the Voluntary Disclosure Program, which was held from January 1 to June 30, was attended by 247,918 taxpayers (WP) with 308.059 certificates issued.
From these taxpayers, the value of the property declaration was Rp. 594.8 trillion. This figure consists of declarations of domestic assets and repatriation funds of IDR 512.5 trillion, declarations of foreign assets of IDR 59.9 trillion, and IDR 22.3 trillion in government investment instruments.
Meanwhile, the total state revenue in the form of Income Tax (PPh) is Rp. 61.01 trillion.
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