Bukalapak.com screen shot

Bukalapak.com Join Hands With IDX to Help SMEs Take Advantage of Tax Amnesty

BY :SARAH YUNIARNI

JULY 20, 2016

Jakarta. Online marketplace Bukalapak.com has teamed up with the Indonesian Stock Exchange to help out small and medium enterprise owners join the tax amnesty program.

"Hopefully, this efforts could attract other parties to be involved in the socialization on the tax amnesty program," said Tito Sulistyo IDX director.

The cooperation was followed by the signing of a partnership agreement between Indonesian Stock Market Clearing House (KPEI), IDX and the Indonesian Central Securities Depository (KSEI) at IDX office in Jakarta on Wednesday (20/7).

Bukalapak will put the information on the mechanism of the tax amnesty schemes on its website and forum to allow tenants hold a discussion, aiming to give them a better understanding of the issue.

Bukalapak.com is an e-commerce focusing on helping small and medium enterprises selling their products online. The Jakarta-based online market place was established in 2010, selling a wide range of products, including electronic gadgets, retail and kitchenware.

"This cooperation with IDX will give a greater benefits to the entrepreneur of small and medium enterprises as they have a limited information on tax amnesty," Muhammad Fajrin Rasyidi, co-founder and chief financial officer of Bukalapak, told the Jakarta Globe.

The government launched the implementation of the tax amnesty program on Monday, hoping to return funds invested overseas by wealthy Indonesians by offering a discount of taxation to funds repatriated by March 2017.

Assets should be kept in the country for at least three years and can be invested in a variety of instruments including stocks, mutual funds and bonds.

The assets can be managed by a choice of one of four state owned banks or three private.

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