Indonesia sets six-month voluntary disclosure countdown for undeclared assets

clock • 2 min read
Indonesia sets six-month voluntary disclosure countdown for undeclared assets

Indonesia's president has signed off the introduction of a six-month voluntary disclosure programme (VDP) inviting taxpayers to disclose historically undeclared assets. The VDP, which will run from 1 January 2022 to 30 June 2022, consists of two separate schemes: one for assets obtained during the period 1985-2015, the other for assets obtained by an individual who was tax-resident between 1 January 2016 and 31 December 2020. The separate schemes reflect the fact that Indonesia offered...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login