Redemption Funds Reach Rp85.6 Trillion

Arif Wicaksono    •    29 September 2016 16:57 WIB
Redemption Funds Reach Rp85.6 Trillion
Illustration (Photo: Antara/M Adimaja), Jakarta: The redemption funds from the tax amnesty program reached Rp85.6 trillion on Tuesday (9/27).

Meanwhile, the declared assets reached Rp2,798 trillion. Most of the assets are domestic assets.

The first phase of the tax amnesty program will end on September 30, 2016. The government offers the lowest redemption rates in the first period.

The program is divided into three phases. The second phase will end on December 31, 2016, while the last phase will end on March 31, 2017.