Collecting money from tax amnesty

TAX amnesty programmes by countries have been in existence for years and the country that has had the biggest success in getting vast sums of money from its citizens and companies is Indonesia.

The country has had tax amnesty programmes in the past, but it was the one launched in 2016 that had the biggest success, as US$229bil was declared to tax authorities in the country.That amount of unreported assets was nearly three quarters of what the government intended to collect. The Indonesian government also collected US$1.4bil in amnesty penalties, which was 40% of the target.