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Indonesia to clamp down on tax evasion six months after amnesty ends

Indonesia

Indonesia’s government has introduced regulations aimed at detecting, and ultimately taxing, assets that were not declared under the country’s recently-concluded tax amnesty programme, according to a Reuters report. The island nation’s nine-month tax amnesty scheme resulted in just 3% (Rp 147 trillion) of assets declared being repatriated. According to the government, both asset declarations and repatriations of offshore assets did…

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