Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

People Rush in Que for Indonesia Tax Amnesty Program


March, 31 2017
watermark Economic news

In early Friday before dawn, the government tax amnesty program of Indonesia had attracted hundreds of people to the main tax office in the country. They joined before the deadline ends accumulating up to $360 billion worth of assets has been declared. The tax office staff said that they would accommodate the flock of people up to the last minute as Ken Dwijugiasteadi, director general of taxes at Indonesia's finance ministry, announced that office hours will open until nine o’clock in the evening including banks.

The amnesty program was implemented in 2016 in line with the plan of President Joko Widodo to solve budget deficit and to recover unrepatriated money that was kept hidden in overseas assets. The country’s tax amnesty program tops the list as the most successful in the world with the volume of revenue gained. They have gathered as much as 128 trillion rupiah equivalent 6.61 billion at the beginning of Friday.  


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.