People’s Wealth Declaration Reaches Only Rp9.27 Trillion, Presidents Jokowi Explains

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation
Date 8 Agustus 2016
Category: News
Read: 6.302 Views
President Joko Widodo gives explanation on Tax Amnesty in Bandung (8/8) (Picture: Public Relations Office/Fitri)

President Joko Widodo gives explanation on Tax Amnesty in Bandung (8/8) (Picture: Public Relations Office/Fitri)

People’s wealth declaration, at  the moment, reaches only Rp9.27 trillion. The President said that it is because the people with bigger assets are still waiting two Minister of Finance Regulations (PMK) that have just issued by the Minister of Finance.

“So, the Government has issued the Regulation but it does not accomodate the tax payers who want to repatriate their fund. Why? Because their fund is relatively small. However, if we don’t care about them, the fund will be lost. Therefore, the Minister of Finance quickly issued two Regulations. We’ll see,” the President told the reporters after tax amnesty dissemination, at Intercontinental Hotel, Bandung, West Java, Monday (8/8) afternoon.

The President admitted that everything must be calculated. The fund does not directly come in. “The officers should prepare the handbook first, make calculation, analyse, and then submit it to the tax office. It is the process,” the President said while repeating his prediction that the fund will come in, mostly, at the end of August or at the beginning of September because the calculation would be finished at that time.

According to the President, there is a complaint about the shortage of tax consultants because these consultants must also prepare the handbook and there is not much time.

“For me, 9 trillion is just a warming up that indicates the fund flows in. It is good,” the President said. (FID/RHD/ES)(MMB/YM/Naster)

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