JAKARTA. The Voluntary Disclosure Program (VDP) officially ended on 30 June 2022, with the total disclosed net assets reaching IDR 594.82 trillion from 247,918 taxpayers.
The program, which has been running since 1 January 2022, consists of two policies. The first policy is intended for corporate and individual taxpayers participating in the 2015-2016 tax amnesty program who disclose their assets before 31 December 2015.
While the second policy is intended only for personal taxpayers who disclose their net assets acquired in 2016-2020 and have not participated in the tax amnesty.
In detail, the amount of net assets disclosed in the VDP mostly comes from individual taxpayers participating in the tax amnesty, which is IDR 380.52 trillion or around 64% of the total assets disclosed.
Meanwhile, the value of assets disclosed by corporate taxpayers participating in the tax amnesty or the first policy is only IDR 19.09 trillion, equivalent to 3.2% of the total assets.
Meanwhile, the net assets of individual taxpayers who are not tax amnesty participants or VDP policy II participants reached IDR 195.21 trillion, equivalent to 33% of the total disclosed assets.
From the total amount of assets disclosed in the VDP, the government managed to collect an Income Tax of IDR 61.01 trillion, consisting of IDR 32.91 trillion by corporate taxpayers and individual taxpayers who participated in the first policy and amounted to IDR 28.1 trillion from policy II.
In general, the following is the realization of VDP which lasts for six months:
|Description||Policy I||Policy II||TOTAL|
|Income Tax||IDR 1,53 trillion||IDR 31,38 trilion||IDR 32,91 trilion||IDR 28,10 triliun||IDR 61,01 trilion|
|Net Assets||IDR 19,09 trilion||IDR 380,52 trilion||IDR 399,61 trilion||IDR 195,21 trilion||IDR 594,82 trilion|
|Domestic Declaration & Repatriation||IDR 17,17 trilion||IDR 327,43 trilion||IDR 344,60 trilion||IDR 167,97 trilion||IDR 512,57 trilion|
|Domestic Investment & Repatriation||IDR 1,15 trilion||IDR 15,11 trilion||IDR 16,26 trilion||IDR 6,10 trilion||IDR 22,36 trilion|
|Foreign Declaration||IDR 0,77 trilion||IDR 37,98 trilion||IDR 38,75 trilion||IDR 21,16 trilion||IDR 59,91 trilion|
The Final Amnesty
Minister of Finance Sri Mulyani admitted that she was unsatisfied with this accomplishment. Because the government wants to boost tax compliance, the tax base, and ultimately Indonesia's tax ratio through the VDP. "Currently, Indonesia's tax ratio is still low, below our neighboring countries," said Sri Mulyani, in her presentation at the VDP realization event, Friday (1/7).
On that occasion, Sri Mulyani also emphasized that VDP is the last amnesty program given by the government to taxpayers who commit tax violations.
After the VDP, the government will focus on law enforcement through various policies such as the exchange of data and financial information between jurisdictions or the Automatic Exchange of Information (AEoI). Additionally, the government now has access to information from a variety of domestic institutions, including banks.