JAKARTA -- Indonesia's tax amnesty program has raked in nearly two-thirds of the revenue target as of Friday, beating skeptics' estimates as tycoons and other high-profile figures unexpectedly showed up at tax offices to declare hidden assets.
Launched on July 1, President Joko Widodo's latest flagship policy generated 97.1 trillion rupiah ($7.44 billion) in additional revenue to the state as of 8 p.m. Friday -- the end of the first reporting period -- or 62% of the 165 trillion rupiah the government aims to collect under the amnesty scheme through March 2017. Some 3,540 trillion rupiah have been declared, including 135 trillion rupiah repatriated from overseas.
