Purbaya Gives 6-Month Deadline to Those Who Smuggle Assets Abroad

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has given a six-month deadline to Indonesian citizens (WNI) who have smuggled their assets abroad and have not yet reported their tax obligations.

He stated that this deadline is provided so that they bring their assets back to the country and fulfil all forms of tax obligations. Purbaya assured that this policy is not in the concept of a tax amnesty programme.

“So this is not tax amnesty, we’re giving it like that, giving time until six months from now,” said Purbaya at his office, quoted on Tuesday (12/5/2026).

Purbaya emphasised that this new policy is not in the concept of tax amnesty because the government will impose serious sanctions if not complied with. One of the sanctions he mentioned is blocking access to funds, so that assets or assets can no longer be used.

“So even if you have money abroad, you won’t be able to use it for business here anymore,” stressed the former Chairman of the Deposit Insurance Corporation (LPS) board.

Nevertheless, Purbaya has not disclosed how much funds Indonesians have abroad that have not been reported to the government and fulfilled their tax obligations so far. Clearly, he urged that repatriation be carried out immediately if they still want to use it to run a business in Indonesia.

“If it enters and is detected, we’ll crack down. So those who have money brought from abroad, quickly bring it here, if not, it can’t enter,” said Purbaya.