{
    "success": true,
    "data": {
        "id": 1736874,
        "msgid": "next-indonesia-suggests-real-verification-mechanism-for-asset-repatriation-1778666244",
        "date": "2026-05-13 15:54:12",
        "title": "NEXT Indonesia suggests real verification mechanism for asset repatriation",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Regulation",
        "summary": "NEXT Indonesia Center's Head of Research, Ade Holis, has recommended that the government implement a real verification mechanism for taxpayers' assets to prevent tax avoidance during asset repatriation. He highlighted concerns over the current voluntary tax reporting system, which relies on self-submitted documents and could be manipulated, urging the need for thorough checks beyond mere disclosures. Following the repatriation period, the government plans comprehensive audits of unreported foreign funds, with penalties including business bans for non-compliant taxpayers, particularly businesses.",
        "content": "<p>Jakarta (ANTARA) - Head of Research at NEXT Indonesia Center, Ade\nHolis, suggests that the government implement a real verification\nmechanism for taxpayers\u2019 assets to avoid tax avoidance practices during\nasset repatriation. In a written statement in Jakarta on Wednesday, Ade\nexplained that the tax reporting system has so far been conducted\nvoluntarily by taxpayers. If the Directorate General of Taxes (DJP) of\nthe Ministry of Finance only relies on reporting documents from\ntaxpayers, he fears there will be efforts to avoid taxes through data\nmanipulation. \u201cTherefore, the government cannot just rely on voluntary\ndisclosures but also needs to ensure there is real verification of the\nassets owned by taxpayers,\u201d Ade said. Asset repatriation is the process\nof returning or transferring assets, wealth, or funds belonging to\ncitizens or companies from abroad back to their home country. After that\nperiod ends, the government plans to conduct a comprehensive examination\nof foreign funds that have not been reported in accordance with tax\nprovisions. For taxpayers who do not comply with those provisions,\nespecially business actors, one of the sanctions prepared is a ban on\nconducting business in the country. According to Ade, the voluntary tax\nreporting scheme provides loopholes for document manipulation or\nreporting asset values that do not match the actual conditions.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/next-indonesia-suggests-real-verification-mechanism-for-asset-repatriation-1778666244",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}