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Indonesia ramps up tax audits on the wealthy and corporations to close a 2.78% GDP deficit, demanding millions in additional payments.
Indonesia is intensifying tax audits on wealthy individuals and large corporations to address a projected 2.78% of GDP budget deficit—the highest in two decades outside pandemic years.
Authorities are demanding additional payments from high-net-worth families and major firms, with some asked to pay over $5 million, and proposing a 30% compromise.
Tax collections through November reached only 79% of the revised annual target, down from 90% in 2024, due to weak growth and falling commodity prices.
The government, under President Prabowo Subianto, has also pressured tycoons to buy low-yield Patriot Bonds and seized land, fueling concerns among the wealthy.
Despite launching a digital tax system and targeting 200 evasion cases with over 60 trillion rupiah in potential penalties, critics warn aggressive enforcement may harm investment and trust in the system.
Indonesia aumenta las auditorías fiscales de los ricos y las corporaciones para cerrar un déficit del PIB del 2,78%, exigiendo millones en pagos adicionales.