Tag: Tax Amnesty

Second Revision of the Procedure for Tax Amnesty 

The Government through the Minister of Finance Sri Mulyani Indrawati signed a second revision to the Regulation of the Minister of Finance (PMK) No. 118/PMK.03/2016 which states the guideline on, and the variety of investment instruments available for, the Tax Amnesty program. Simply put, this change is intended as a second chance for Taxpayers that have not participated in the Tax Amnesty program to voluntarily report their property before the Government impose sanctions on tax evaders.

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Banking Update: Growing NPL

The Financial Services Authority (OJK) reported on Wednesday (Sept 14) that the growing non performing loan (NPL) remained a trend, as per July the banking NPL reached 3.18%, higher than 3.05% in the previous month and 3.11% in May.

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