Regulation Of The Minister Of Finance Number 155/fmd. 011/2011 2011

Original Language Title: Peraturan Menteri Keuangan Nomor 155/PMK.011/2011 Tahun 2011

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c51439f7000b37e313233343233.html

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Back NEWS REPUBLIC of INDONESIA No. 588, 2011 REGULATIONS the MINISTER of FINANCE of the REPUBLIC of INDONESIA NUMBER 155/FMD. 011/2011 ABOUT the INCOME TAX PAID on INTEREST or GOVERNMENT in EXCHANGE for the STATE SECURITIES ISSUED in the INTERNATIONAL MARKET and EARNINGS OVER the THIRD-PARTY SERVICES PROVIDED to the GOVERNMENT in the COUNTRY of ISSUANCE of SECURITIES in the FISCAL YEAR 2011 INTERNATIONAL MARKETS with the GRACE of GOD ALMIGHTY the MINISTER of FINANCE of REPUBLIC of INDONESIA , Considering: a. that it is based on the provisions of article 3 paragraph (2) letter a grain 2 Act No. 10 of 2010 about the budget revenue and Expenditure of the State fiscal year 2011 as amended by law number 11 of 2011, the top of the flower or rewards of the State securities issued in the international market and earnings over the third-party services provided to the Government in publishing the State securities in the international market is available for the payment of budget launched the income tax paid by the Government;
b. that based on considerations as referred to in subparagraph a, and in order to implement the provisions of article 3 paragraph (2) letter a grain 2 Act No. 10 of 2010 about the budget revenue and Expenditure of the State fiscal year 2011 as amended by law number 11 of 2011, the need to set a regulation of the Minister of finance about the income tax Paid on interest or Government in Exchange for the State Securities issued in the international market and earnings over the third-party Services provided to the Government in publishing the letter Valuable State in the fiscal year 2011 international markets;
Remember: 1. Act No. 24 of 2002 about the State (State Gazette of the Republic of Indonesia Number 110 in 2002, an additional Sheet of the Republic of Indonesia Number 4236);
2. Act No. 17 of 2003 about State Finances (State Gazette of the Republic of Indonesia Number 47 in 2003, an additional Sheet of the Republic of Indonesia Number 4286);
3. Act No. 19 of 2008 concerning Shariah-compliant Securities State (State Gazette of the Republic of Indonesia number 70 in 2008, an additional Sheet of the Republic of Indonesia Number 4852);
4. Act No. 10 of 2010 about the budget revenue and Expenditure of the State fiscal year 2011 as amended by law number 11 of 2011 (Gazette of the Republic of Indonesia Number 81 in 2011, an additional Sheet of the Republic of Indonesia Number 5233);
5. Presidential Decree Number 56/P in 2010;
6. Regulation of the Minister of finance Number 228/FMD. 05/2010 about the mechanisms of Implementation and accountability over the Tax borne by the Government;
Decide: define: REGULATION of the MINISTER of FINANCE ABOUT the INCOME TAX PAID on INTEREST or GOVERNMENT in EXCHANGE for the STATE SECURITIES ISSUED in the INTERNATIONAL MARKET and EARNINGS OVER the THIRD-PARTY SERVICES PROVIDED to the GOVERNMENT in the COUNTRY of ISSUANCE of SECURITIES in the FISCAL YEAR 2011 INTERNATIONAL MARKETS.
Article 1 (1) the income tax payable on the income in the form of flowers or reward the State securities issued in the international market are borne by the Government.
(2) the income tax payable on the income of third parties to the service given to the Government in publishing the State securities in the international market are borne by the Government.
(3) Issuance in the international market as referred to in paragraph (1) and paragraph (2) is an activity of supply and sale of State securities in foreign currency outside of Indonesia.
(4) the State securities as referred to in paragraph (1) and paragraph (2) composed of: a. is in state securities in the form of a letter of acknowledgment of debt in rupiah or foreign currency guaranteed interest payments and anyway by the State of the Republic of Indonesia, in accordance with the validity period, as set forth in Act No. 24 of 2002 about the State; and b. the sharia state securities or sukuk securities State State is published based on sharia principles, as proof of the upper part of the inclusion against Shariah state securities assets, both in rupiah or foreign currency, as set forth in Act No. 7 of 2008 concerning Shariah State Securities.
(5) Income in the form of flowers or reward the country's securities as referred to in subsection (1) include a discount and premium state securities in the primary market are published internationally.
(6) the third party referred to in subsection (2) is a party that provides services to the Government in the framework of the publication of the State securities in the primary market dealer, among others, international, international legal consultant, stock exchanges abroad, fiscal agent, and the agent and payer institutions rating, does not include a local legal consultant service.
(7) the income obtained from third parties as referred to in paragraph (2) be feeatas such third party services and payment for the costs incurred in the execution of the sale of State securities in the primary market.
Article 2 (1) of the income tax as stipulated in article 1 paragraph (1) and paragraph (2) is the tax subsidy expenditures borne by the Government as stipulated in the regulation of the Minister of finance regarding the mechanisms of implementation and accountability over the tax borne by the Government.
(2) income tax is paid by the Government as stipulated in article 1 paragraph (1) and paragraph (2) provided budget launched as set forth in Act No. 10 of 2010 about the budget of the State Expenditures and revenues of the fiscal year 2011 and changes.
Article 3 (1) the Minister of finance as Treasurer General of the country as part of the Budget Users Public Treasurer State Budget sets Tax in particular the Director-General the Director of the potential compliance and Acceptance as a power user's budget to carry out the payment of the tax subsidies paid by the Government.
(2) the Director General of Taxation Director-in particular the Potential compliance and Acceptance as a power user Budget told Officials and dignitaries Signers Commitment Maker Warrant paying the appropriate task each to: a. create a Mail request for payment upon the realization of tax borne by Government subsidy shopping; b. make a warrant to pay; and c. delivered a Warrant to pay to the State Treasury Ministry Office, Directorate General of the Treasury of the country, to get a warrant for Disbursement as the implementation of the expenditure Budget of the State Expenditures and Revenues for tax subsidies paid by the Government.
Article 4 Reporting and accountability the Government Incurred income tax on interest or reward the State Securities issued in the international market and earnings over the third-party Services provided to the Government in publishing the State Securities in the international market of the year 2011 budget implemented by the Directorate General of Tax Headquarters in particular the Director of Potential compliance and Acceptance as the Accounting Unit is a power user's budget over spending tax subsidies borne by Government regulation of the Minister of finance regarding the appropriate mechanism for implementation and accountability over the tax borne by the Government.

Article 5 of this regulation of the Minister of Finance took effect on 1 January 2011 to 31 December 2011.

In order to make everyone aware of it, ordered the enactment of these Regulations the Minister of finance with its placement in the news of the Republic of Indonesia.

Established in Jakarta on September 19, 2011 MINISTER of FINANCE of the REPUBLIC of INDONESIA, AGUS MARTOWARDOJO D.W. Enacted in Jakarta on September 19, 2011 MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, PATRIALIS AKBAR fnFooter ();