Indonesia considers new tax amnesty program to boost revenue

JAKARTA, Nov. 19 (Xinhua) — Indonesia is considering reintroducing a tax amnesty program to increase state revenue and broaden its tax base, an official said on Tuesday.
Muhammad Misbakhun, chairman of Commission XI of the House of Representatives overseeing financial affairs, said that he supports including discussions on reviving the tax amnesty in the list of priority bills for 2025.
“This inclusion provides an opportunity to reintroduce tax relief next year,” Misbakhun said. “We need to offer a chance to correct past mistakes to prevent taxpayers from persistently avoiding taxes. Tax amnesty is one of the solutions,” he told reporters.
Under the program, taxpayers who disclose unreported assets would be charged lower-than-normal tax rates. However, penalties would apply to those who fail to disclose their assets.
Indonesia’s newly inaugurated President Prabowo Subianto aims to expand the national economy to 8 percent during his administration while increasing government spending. ■