95% of tax amnesty fund is still stocked in the Perception banks

Financial services authority(FSA) noted that repatriated fund of tax amnesty are mostly still settling in the pointed preception banks. Member of board commissioner of FSA nurhaida said that there are around 95% of repatriated  funds surged in still stashed in the banks.

Meanwhile the total of repatriated fund for first period of tax amnesty reached Rp 321 trillion. The rest about $100 billion are in the investment instruments limited(RDPT). However the banks are temporary gateway before distributed to investment instrument.

In two months to come, the repatriated find will look for the more lucrative business instrument. As for now, the owners of fund is still calculating the business opportunity and prospect of which suitable instrument to choose such as securities such as bonds and capital markets, including the investment projects of the real sectors both government and private projects.

The government has set up 19 securities and 18 investment managers to accommodate repatriated funds. The stock market can be a good choice if the owner wants to invest in.

Amidst of the success of tax amnesty, repatriated fund becomes the main concern. It is due to minim surged in fund suitable with assessment of stashed money of wealthy indonesian abroad. There are some reason such as most of the asset abroad are fixed asset thus quite difficult to repatriate or the abroad offers more lucrative for business instrument.