SHEET COUNTRY
REPUBLIC OF INDONESIA
| No. 11, 2002 | (Explanation in Additional Sheet State Republic Indonesia Number 4175) |
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
No. 6 YEAR 2002
ABOUT
INCOME TAX ON INTEREST AND BOND DISCONTO
TRADED AND/OR REPORTED
THE TRADE IN THE STOCK EXCHANGE
PRESIDENT OF THE REPUBLIC OF INDONESIA,
.,,, weighed: that in order to increase the effectiveness of the Income Tax charge over interest and disconto bonds traded and/or reported its trade in the stock exchange and to further encourage the development of market activity capital in Indonesia, need to establish the Government Regulation on Income Taxes on Interest and Disconto Traded Bonds and/or Reportedly Trading on the Securities Exchange in lieu of Government Regulation No. 139 of Year 2000 concerning Income tax on the income of the Traded Bonds of the Stock Exchange;
.,, Given: 1. Section 5 of the paragraph (2) of the Basic Law of 1945 as amended by the Third Amendment of the Basic Law of 1945;
., 2. Law No. 6 of 1983 on General Terms and Taxation Methods (sheet Of State of the Republic of Indonesia 1983 No. 49, Additional Gazette Number 3262) as has been several times amended last by Law No. 16 In 2000 (leaf Of State Of The Republic Of Indonesia In 2000 Number 126, Additional Gazette State Number 3984);
., 3. Law Number 7 of 1983 on Income Taxes (sheet of State of the Republic of Indonesia in 1983 Number 50, Additional Gazette Number 3263) as has been last modified by Law No. 17 of the Year 2000 (Sheet) Republic Of Indonesia In 2000 Number 127, Additional Leaf Country Number 3985);
DECIDED:
.,, SET: GOVERNMENT REGULATIONS ON INCOME TAX ON INTEREST AND DISCONTO BONDS TRADED AND/OR REPORTEDLY TRADE IN THE SECURITIES EXCHANGES.
Section 1
Referred to by trade bonds and/or reported trading in the securities exchanges are corporate bonds and government bonds or state debt letters of more than 1 (one) years traded and/or reported The trade on the Indonesian stock exchange.
Section 2
For the revenue received or acquired by the tax, the interest and disconto of the bonds traded and/or reported on the exchange of the final income tax cut, except for Wajib Tax. Certain as referred to in Section 5 and Section 6.
Section 3
The magnitude of the Income Tax as referred to in Article 2:
a. Top of the bond interest with coupon (interest bearing bond) as big as:
.,
.,, 1) 20% (twenty percent), for the Wajib Tax in the country and the form of fixed effort (BUT);
., 2) 20% (twenty percent) or tariffs on the terms of the applicable Multiple Tax Avoidance Consent (P3B), for the Compulsory Income Tax (P3B);
of the gross amount of interest in accordance with the term
(holding period) bond.
B. Top disconto bonds with coupons as big as:
.,
.,, 1) 20% (twenty percent), for the Wajib Tax in the country and the form of fixed effort (BUT);
., 2) 20% (twenty percent) or tariffs on the terms of the applicable Multiple Tax Avoidance Consent (P3B), for the Compulsory Income Tax (P3B);
From a margin of more or a nominal value above the bond acquisition price, excluding the accrued interest.
C. Top diskonto bonds without
(zero coupon bond) as big as:
.,
.,, 1) 20% (twenty percent), for the Wajib Tax in the country and the form of fixed effort (BUT);
., 2) 20% (twenty percent) or tariffs on the terms of the applicable Multiple Tax Avoidance Consent (P3B), for the Compulsory Income Tax (P3B);
From a margin of sale, or a nominal value above the price of the bond.
Section 4
The Income Tax Cuts as referred to in Article 2 are performed by:
., a., a. The issuer of the bonds (emiten) or custodian appointed as payment agent, for the interest and disconto received by the bond holders with coupons at the time of the bonds/bonds, and the disconto received by the bond holders without interest at the time Maturity of the bonds;
., b. The securities companies (brokers) or banks, as middlemen as well as buyers, for the interest and diskonto were received by the bearer bonds during the transaction.
Section 5
Top of interest and disconto bonds received or obtained by Wajib Tax:
a. Bank established in Indonesia or the overseas bank branch in Indonesia;
., b. The Pension Fund whose foundation/formation has been authorized by the Minister of Finance;
., c. The Resadana is listed on the Modal Market Supervising Board (BAPEPAM), for 5 (five) the first year since the establishment of the company or the granting of business permits;
is not subject to the final Income Tax deduction.
Section 6
Income Tax Cuts for the interest and disconcerto of the bonds received or obtained by Wajib Tax of the private person in the country whose entire income includes interest income and the disconto of such bonds in 1 (one) tax year does not exceeds the number of non-tax revenue (Pcrime), not final.
Section 7
The manner of the implementation of the Income Tax Cuts upon interest and disconto of the bonds traded and/or reported its views on the securities exchanges is set further by the Minister of Finance Decision.
Section 8
At the time this Government Regulation came into effect, the Government Regulation No. 139 of the Year 2000 on Income Tax of the Income of the Traded Bonds of the Stock Exchange (state Gazette of the Republic of Indonesia 2000 Number 254, Supplement) State Sheet Number 4056), stated does not apply.
Section 9
This Government Regulation came into force on 1 May 2002.
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 Jakarta
on March 23, 2002
PRESIDENT OF THE REPUBLIC OF INDONESIA,
MEGAWATI SOEKARNOPUTRI
Promulgated in Jakarta
on March 23, 2002
REPUBLIC OF INDONESIA STATE SECRETARY
BAMBANG KESOWO
ADDITIONAL
STATE SHEET RI
| No. 4175 | (Explanation Of 2002 State Sheet Number 11) |
EXPLANATION
Above
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
No. 6 YEAR 2002
ABOUT
INCOME TAX ON INTEREST AND BOND DISCONTO
TRADED AND/OR REPORTED
THE TRADE IS ON THE STOCK EXCHANGE.
UMUM
., under the provisions of Section 4 of the paragraph (2) of the Law No. 7 of 1983 on the Income Tax as it has been last amen
