Government Regulation Number 31 In 2011

Original Language Title: Peraturan Pemerintah Nomor 31 Tahun 2011

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4ef4f84ec081bb313231373532.html

PP 31-2011bt fnHeader (); The text is not in the original format.
Back COUNTRY SHEET Republic of INDONESIA No. 60, 2011 (Additional explanation in the State Gazette of the Republic of Indonesia Number 5220) GOVERNMENT REGULATION of the REPUBLIC of INDONESIA NUMBER 31 in 2011 ABOUT the LIFTING of the GOVERNMENT REGULATION number 17 in 2009 ABOUT the INCOME TAX on the INCOME FROM DERIVATIVE TRANSACTIONS in the FORM of FUTURES CONTRACTS TRADED on the EXCHANGE, with the GRACE of GOD ALMIGHTY the PRESIDENT of the Republic of INDONESIA, Considering: a. that the article 2 Article 3, paragraph (1), subsection (2), and subsection (3), and article 5 the Government Regulation number 17 in 2009 about the income tax on the income from Derivative Transactions in the form of futures contracts traded on the Exchange, based on the ruling of the Supreme Court expressed is contrary to a higher rule in casu article 4 paragraph (1) and paragraph (2) Letter c of Act No. 36 of 2008 about the fourth Change in the law number 7 Year 1983 regarding income tax and hence invalid and inapplicable General;
b. that the Government Regulation number 17 in 2009 about the income tax on the income from Derivative Transactions in the form of futures contracts traded on the stock exchange could not be implemented with no enactment of article 2, article 3 paragraph (1), subsection (2), and subsection (3), and article 5; and c. that based on considerations as referred to in letter a and letter b, need to establish government regulation about the lifting of the Government Regulation number 17 in 2009 about the income tax on the income from Derivative Transactions in the form of futures contracts traded on the Exchange;
Remember: article 5 paragraph (2) of the Constitution of the Republic of Indonesia in 1945;
Decide: define: GOVERNMENT REGULATIONS ABOUT the LIFTING of the GOVERNMENT REGULATION number 17 in 2009 ABOUT the INCOME TAX on the INCOME FROM DERIVATIVE TRANSACTIONS in the FORM of FUTURES CONTRACTS TRADED on the EXCHANGE.
Article 1 the Government Regulation number 17 in 2009 about the income tax on the income from Derivative Transactions in the form of futures contracts traded on an Exchange (Gazette of the Republic of Indonesia Number 34 in 2009, an additional Sheet of the Republic of Indonesia Number 4983) revoked and declared inapplicable.
Article 2 Toward a final income tax on the income from derivative transactions in the form of futures contracts traded on the Exchange, which has been withheld based on the Government Regulation number 17 in 2009 about the income tax on the income from Derivative Transactions in the form of futures contracts traded on the Exchange, restored and its implementation mechanism is conducted in accordance with the repayment of excess tax payments that should not have been payable.

Article 3 this Regulation comes into force on the date of promulgation.

In order to make everyone aware of it, ordered the enactment of this Regulation with its placement in the State Gazette of the Republic of Indonesia.

Specified in JakartaJakarta on June 6, 2011 PRESIDENT REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on June 6, 2011 MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, PATRIALIS AKBAR fnFooter ();