Bandarlampung, Lampung (Antara Lampung)- State-owned bank PT Bank Rakyat Indonesia (BRI) has set a target to collect funds worth Rp60 trillion from the tax amnesty program, through both bank and non-bank products.
"The target would not be achieved without the dissemination of information that the BRI is ready to offer tax amnesty services to the clients and public, both in the country and overseas," PT BRI Director Sis Apik Wijayanto noted at an event to raise awareness on the tax amnesty program here on Thursday evening.
Banks should benefit from the tax amnesty program by attracting as much funds as possible from the rich, who have stashed their money in banks overseas, he remarked.
"We have prepared several products to attract such money. One of them is BRI Prioritas (Priority). This step offers alternative means for investment," he revealed.
The BRI has disseminated information on its tax amnesty-related products and services across all its branches in the country.
In Lampung Province alone, 14 branches and 97 units of BRI are ready to offer tax amnesty services, he remarked.
The event was attended by 100 people, mostly businessmen from Lampung.
The Indonesian government has implemented a new tax amnesty program since July 18, as it seeks to boost tax revenues by encouraging the repatriation of funds stashed abroad.
The government will impose a two to five percent tax on assets repatriated to the country by March 2017.
These assets must be invested in Indonesia for a period of three years in funds managed by appointed banks and can be invested in several ways, including government bonds.
