SHEET COUNTRY
REPUBLIC OF INDONESIA
| No. 60, 2011 | (Explanation in Additional State Sheet of the Republic of Indonesia Number 5220) |
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
No. 31 YEAR 2011
ABOUT
REPEAL OF GOVERNMENT REGULATION NUMBER 17 IN 2009
ABOUT INCOME TAX ON INCOME FROM
DERIVATIVE TRANSACTIONS UNDER THE EXCHANGE TRADED FUTURES CONTRACT ON THE EXCHANGE
WITH THE GRACE OF THE ALMIGHTY GOD
PRESIDENT OF THE REPUBLIC OF INDONESIA,
Weigh: a. that
Section 2,
Section 3 paragraph (1), paragraph (2), and paragraph (3), and
Section 5 of the Government Regulation Number 17 Year 2009 on the upper income tax The Income of Derivative Transactions of the Futures Contract Traded on the Exchange, based on the Supreme Court stated in conflict with the higher rules
in casu Article 4 of the paragraph (1) and the paragraph (2) of the letter c Number 36 In 2008 on the Fourth Amendment to the Law No. 7 Year 1983 about the Income Tax and therefore unlawfully and inapplicable to the general;
B. that
Government Regulation No. 17 Year 2009 of the Income Tax of Derivative Transactions of the Contractual Futures Contracts Traded on the Exchange cannot be implemented by not expiring. Section 2, Section 3 of the paragraph (1), paragraph (2), paragraph (2), and paragraph (3), and Section 5; and
c. that under consideration as referred to in the letter a and the letter b, need to establish the Government Regulation on the Withdrawal Of Government Regulation Number 17 Year 2009 on Income Tax of Derivatives of Derivatives of Derivatives Contracts for the Cloud Service are available for use in the Cloud Service.
Given: Article 5 of the paragraph (2) of the Basic Law of the Republic of Indonesia Year of 1945;
DECIDED:
THE 2009 GOVERNMENT REGULATION OF THE REPEAL OF THE GOVERNMENT REGULATION OF THE 17 YEAR 2009 ON INCOME TAX ON THE INCOME OF DERIVATIVES TRANSACTIONS IS A CONTRACT OF FUTURES TRADED ON THE EXCHANGE.
Section 1
Government Regulation No. 17 Year 2009 on Income Taxes of Derivative Transactions of Derivatives Of Futures Contracts Traded In Bursa (sheet Of State Of The Republic Of Indonesia In 2009 Number 34, Additional Gazette Of The Republic Of The Republic Of Indonesia) Indonesia Number 4983) was revoked and declared not applicable.
Section 2
On the final income tax on income from a derivative transaction, the exchange of futures traded on the exchange, which was levied under Government Regulation No. 17 of the year 2009 on the upper income tax. The earnings of the Derivative Transactions of the Futures Contract are traded on the Exchange, are returned and their implementation is done in accordance with the return-payment overpayment mechanism that is supposed to be undebunled.
Section 3
This Government Regulation shall come into effect on the date of the promulctest.
In order for everyone to know it, order the invitational of this Government Regulation with its placement in the State Sheet of the Republic of Indonesia.
Set in JakartaJakarta
on June 6, 2011
PRESIDENT OF THE REPUBLIC OF INDONESIA,
-DR. H. SUSILO BAMBANG YUDHOYONO
Promulgated in Jakarta
on June 6, 2011
MINISTER OF LAW AND HUMAN RIGHTS
REPUBLIC OF INDONESIA,
PATRIALIST AKBAR
