Parliament passed a tax amnesty law aimed at repatriating billions of dollars from wealthy Indonesians abroad and from tax evaders at home to help finance infrastructure and boost economic growth. The law grants special tax rates of 2 percent to 10 percent to tax evaders who declare their past earnings, compared to normal personal income tax rates of 5 to 30%. Enterprises below $757,700 in assets will get a 0.5% rate, while those with greater assets will be levied a 2 percent rate. Normal tax rates are as high as 25%.
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