Insider, AEI, IDX, APE to jointly hold Tax Amnesty Dialogue

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Seminar(revised) 5 sept

JAKARTA (TheInsiderStories) – Insider Network, the parent entity of The Insider Stories, teams up with Indonesian Share Issuers Association (AEI), Indonesian Stock Exchange and Indonesia Securities Companies Association (APEI) will hold a seminar on Tax Amnesty on Sept. 6, 2016 at the Indonesian Stock Exchange main hall.

The seminar is entitled, “Bawa Pulang, Bangun Negerimu” (Bring Back, Build Your Country) and sub-theme, the Role of Capital Market Players to Make Tax Amnesty Policy Successful.”

Commissioner Chairman of the Indonesian Financial Services Authority (OJK) Muliaman Hadad will give keynote speech and Rini Soemarno, Minister for State Owned Enterprises, will give opening speech.

Then, followed by panel discussion. The panelists are Tito Sulistio, president director of IDX, Director General for Fianncing and Risk Management at the Finance Ministry Robert Pakpahan, Deputy State Enterprise Minister Aloysisu Kiik Ro and Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Rosan P. Roeslani.

The seminar will start at 10.00 a.m.

The tax amnesty program will run between 18 July 2016 and 31 March 2017. The government targets to see the declaration of Rp4,000 trillion (around US$307 billion) worth of funds that are stashed offshore and the repatriation of Rp1,000 trillion (around US$77 billion) into the specific onshore investment instruments that have been prepared. This should then lead to Rp165 trillion in additional state income through taxation on these funds.

The Tax Amnesty program results have been slow and far from expectation, raising concerns that the program will fall below target, while some say the program is too ambitious.

Finance Minister Sri Mulyani Indrawati said the government expects to also widen the country’s tax payers base, hence boosting Indonesia’s tax ratio.

The organizers of the seminar hopes the seminar will help support the government in supporting the Tax Amnesty program.

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Source: The Insiderstories
Insider, AEI, IDX, APE to jointly hold Tax Amnesty Dialogue

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