Many Businessmen Still Reluctant to Repatriate Their Assets: Kadin

Dian Ihsan Siregar    •    06 September 2016 18:43 WIB
taxing
Many Businessmen Still Reluctant to Repatriate Their Assets: Kadin
Illustration (Photo: Antara/Widodo S Jusuf)

Metrotvnews.com, Jakarta: Many businessmen are still reluctant to repatriate their overseas assets to Indonesia.

"The repatriated assets must stay in Indonesia for three years," the Indonesian Chamber of Commerce and Industry (Kadin) official Avi Dwipayana said here on Tuesday (9/6/2016).

"Therefore, they can use the assets freely," he continued.

The Indonesian government launched tax amnesty program in July 2016. Businessmen that choose to repatriate their overseas assets are offered redemption rates of 2-5 percent. Meanwhile, those that choose to only declare their overseas assets are offered redemption rates of 4-10 percent.

"Some of them are still reluctant with repatriation," he concluded.


(WAH)