Unreported Indonesian personal asset reach 1300 trillion and it can be reached.



JAKARTA. The Directorate General of Taxes (DGT) of the Ministry of Finance (Ministry of Finance) noted that there were around Rp. 1,300 trillion assets of Indonesian citizens abroad that had not been reported in tax returns.

The figure is based on the results of financial information exchanges for the interests of taxation or Automatic Exchange of Information (AEoI) in 2018. Based on data until March 11, 2019, the Director General of Taxes has sent financial information to 54 countries and has received financial information from 66 countries. As a result, the value of assets received reached more than Rp. 1,300 trillion.

Some of the Tax Amnesty Participants must submit additional reports
Assets of Indonesian citizens abroad valued at Rp. 1,300 trillion have not been reported in tax returns
Continues to increase, Directorate General of Taxes: There are already 5.97 million SPT reported
Indonesian Tax Ratio Still Hold at a Range of 10% -11%
DDTC tax observer Bawono Kristiaji said the findings of the AEoI results certainly need to be followed up. "Based on these findings, it can be followed up with an examination," Bawono said when contacted by Kontan.co.id, Thursday (3/14).

Unreported assets can be comparative data or data matching with SPT profiles. With this data, DGT is actually helped to test the accuracy of SPT data. "In short, the data can be used as a tool to test tax compliance," Bawono explained.

Ajib Hamdani, Chairman of the Tax Center of the Indonesian Young Entrepreneurs Association (Hipmi) said, from the taxpayer's side, there must be awareness about correct reporting. While from the side of the tax officer, it must make an effective tax compliance measuring instrument. Furthermore, making law enforcement against taxpayers is not compliant, so as to provide justice for other taxpayers who are obedient. "This law enforcement is for example by conducting an inspection process," Ajib said to Kontan.co.id, Thursday (3/14).

Even so, he also considered, the Directorate General of Taxes could also make an appeal for taxpayers who have not reported the assets. "If the appeal is for the next, expect awareness of taxpayers. If the inspection mechanism has more impetus for compliance," he added.

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