Submission of Reports on the Mandatory Repatriation of Assets under the Tax-Amnesty Framework Amended

The Director General of Tax (“ Director General ”) has issued Regulation No. PER – 07/PJ/2018 (“ Amendment ”) which amends Director General Regulation No. PER-03/PJ/2017 on Procedures for the Reporting and Supervision of Additional Assets under the Tax-Amnesty (“ Regulation 3/2017 ”).The Amendment redefines two aspects which relate to the mandatory reporting by tax-amnesty participants of any additional assets which are located overseas and which will be repatriated to Indonesia.Reporting of Additional AssetsAs general rule, tax-amnesty participants who have secured official tax-amnesty approval (surat keterangan) and who have committed to repatriating their undisclosed assets located overseas back to Indonesia are required to invest said assets within a special account for a period of at least three years.During this three-year period, taxpayers are required to submit the following reports to the Director General via the head of the relevant Tax-Service Office (“ KPP ”) where the taxpayers in question are registered (collectively referred to as “ Reports ”): [1]