- Indonesia considering reviving tax amnesty program next year
- Parliament adding Tax Amnesty Law revision to list of priority bills for 2025
- Public pushback against planned VAT hike from 11% to 12%
- Concerns about eroding domestic buying power and economic growth
- Calls for frugal living and protests against tax hike
- Balancing economic and fiscal health with weaker global growth and commodity prices
- Struggles with domestic consumption and economic expansion
- Tax amnesty could help build tax base and increase revenue
- Potential technical discussions with government on tax amnesty revival
- Previous tax amnesty programs in 2016 and 2022 collected significant revenue, but risked reducing tax compliance.
Source: theedgemalaysia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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