Covid Impact: SafeDinar.com has had to react to many challenges(government restrictions, border closings, flight cancellations etc…) some of these conditions will limit the volume that we can exchange(buying and selling) of certain currencies including the Iraqi Dinar and the Vietnamese Dong for the foreseeable future. All orders are shipped in the order in which they are approved. If your order has been delayed it may be possible for us to ship your order right away if you are willing to substitute a different denomination or note quality. Redemptions - Approved Redemptions are always processed and paid within 24 hours. We want you to know that we appreciate your business and that we are working diligently to get back to normal as quickly as possible. We thank you for your business. Please be safe.

Currency News

Indonesia's Planned Tax Amnesty Could Bring Home $42 Billion: C.Bank Gov

A tax amnesty programme planned by Indonesia's government could potentially attract home 560 trillion rupiah ($42.38 billion) of assets stashed offshore, the central bank governor told a parliamentary commission on Monday (25/04)

The amnesty programme could also increase the government's tax revenue by 45.7 trillion rupiah, Governor Agus Martowardojo told the commission overseeing finance.

"The tax amnesty is part of an overhaul of the tax system. Therefore, it should lead to an improvement of people's welfare," he said.

Last year the government only collected Rp 9 trillion ($683 million) in income tax from 900,000 individuals, a considerably low number compared to the almost 27.6 million registered taxpayers.

The latest known draft of the Tax Amnesty Law states that taxpayers only need to pay between 1 percent and 3 percent tax on their net wealth increase, if they agreed to repatriate their money.

The proposal of Tax Amnesty Bill has received support from business lobby groups as they hope it will have a multiplier effect on job creation, economic improvement and tax compliance. The government ant the House DPR will continue to discuss tax amnesty bill in May.

original source: http://jakartaglobe.beritasatu.com/business/indonesias-planned-tax-amnesty-bring-home-42-billion-c-bank-gov/

Back to Top