Indonesia Tax Amnesty to Lift Budget Revenue as Growth Slows

Indonesia is introducing a tax amnesty this month to boost revenues as slowing economic growth puts pressure on the government to increase spending, Finance Minister Bambang Brodjonegoro said.

The amnesty will last until the end of the year and allows citizens to avoid penalties if they pay five years of unpaid taxes, Brodjonegoro told Bloomberg in an interview in the Azerbaijan capital of Baku on Sunday. The government will use electronic invoices to avoid fraud as part of wider tax reforms, he said.