Jakarta. The Directorate General of Taxes is optimistic that it will collect at least Rp 45 trillion ($3.4 billion) in revenue from the tax amnesty program by the end of September, considering the trend of big conglomerates joining the program.
The government has set a target of raking in Rp 165 trillion in additional tax revenue by March next year.
"Since the beginning of September, tax revenue from the amnesty program has been growing by between Rp 1.5 trillion and Rp 2 trillion on a daily basis," Ken Dwijugiasteadi, director general for taxation at the Ministry of Finance, said on Thursday (15/09). "You can count by yourself how many more we can get in the remaining 11 working days."
The government has so far collected nearly Rp 23 trillion in tax from the amnesty program. That figure is calculated by adding up the amounts mentioned in asset declaration letters and the tax payment slips — which have yet to be reported to the government but already appears on the government's account.
Ken's comment came after several public figures, tycoons and conglomerates openly announced their participation in the tax amnesty program.
Lippo Group chief executive James T. Riady and Sofjan Wanandi, another tycoon who recently joined Vice President Jusuf Kalla’s advisory team, were among the first to do so. They were followed this week by Garibaldi Thohir, chief executive of Indonesian coal producer Adaro Energy, and his brother, media mogul Erick Thohir.
Hutomo Mandala Putra, better known as Tommy Suharto, the son of Indonesia's second president, Suharto, joined the program on Thursday. Tommy hinted that other Suharto family members may "supposedly follow suit soon."
Celebrity lawyer Hotman Paris Hutapea publicly joined the tax amnesty program around the same time as Tommy but in a separate location.
According to Hotman, other lawyers will opt to join the program because most of them do not want to pay huge fines for not reporting their time deposits once the Automatic Exchange of Information (AEoI) framework is implemented in 2018.