Welcome to Indonesia’s Second Tax Amnesty

businessman and tax
Summary

  • The (special) voluntary disclosure program (VDP) or the second tax amnesty will be held from January 1 to June 30, 2022, with rates ranging from six percent to 18 percent, lower than the regular voluntary disclosure program, a 30 percent rate for individual taxpayers and 25 percent rate for corporate taxpayers.
  • Unlike the first tax amnesty program held in 2015/2016, the government provides multiple chances for VDP participants to revise their disclosure letter and more “merciful” fines for those who will later be found still hiding assets.
  • The first tax amnesty participants appear to have benefited the most from this program as some face a possible 200 percent fine for not disclosing all their assets.
  • Key concern: participants’ disclosure letters are promised to be confidential and not be a source of crime investigation and prosecution. However, fears of this remains looming as breach and misuse are still possible.

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