Government Regulation Number 6 2002

Original Language Title: Peraturan Pemerintah Nomor 6 Tahun 2002

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4e5867c190b0b8313231333330.html

PP 6-2002 Text copy _?.
Back COUNTRY SHEET REPUBLIC of INDONESIA No. 11, 2002 (Additional explanation in the State Gazette of the Republic of Indonesia Number 4175) GOVERNMENT REGULATION of the REPUBLIC of INDONESIA number 6 in 2002 ABOUT the INCOME TAX on INTEREST and DISCOUNT BONDS TRADED and/or REPORTED ITS TRADE on the STOCK EXCHANGE, the PRESIDENT of the REPUBLIC of INDONESIA, Considering: that in order to improve the effectiveness of the imposition of income tax on interest and discount bonds traded and/or reported trading in the stock exchange and to further encourage the development of capital market activity in Indonesia , need to set Government regulations regarding income tax on interest and Discount Bonds traded and/or Reported Trading in the stock exchange as a substitute for government regulation Number 139 in 2000 of income tax on the income from the Bonds traded on the stock exchange;
.,, Considering: 1. Article 5 paragraph (2) of the 1945 Constitution as amended by the third change of the Constitution of 1945;
., ,2. Law number 6 Year 1983 on general provisions and Taxation Procedures (State Gazette of the Republic of Indonesia Number 49 in 1983, an additional State Gazette Number 3262) as it has several times changed with Act No. 4 of 2000 (State Gazette of the Republic of Indonesia year 2000 Number 126, Extra Sheets State number 3984);
., ,3. Act No. 7 Year 1983 regarding income tax (State Gazette of the Republic of Indonesia in 1983, an additional 50 Sheet Number country number 3263) as it has several times changed with Act No. 17 of 2000 (State Gazette of the Republic of Indonesia Number 127 in 2000, an additional State Gazette Number 3985);
DECIDED:.,, set: GOVERNMENT REGULATIONS REGARDING INCOME TAX on INTEREST and DISCOUNT BONDS TRADED and/or REPORTED ITS TRADE on the STOCK EXCHANGE.
Article 1 is the bonds traded and/or reported its trade on the stock exchange is corporate bonds and Government bonds or bond futures more than 1 (one) year traded and/or reported trading in Indonesia stock exchange.

Article 2 on the income received or obtained tax payers in the form of interest and discount bonds traded and/or reported its trade on the stock exchange are subject to a withholding of income tax that are final, except for certain Taxpayers referred to in article 5 and article 6.

Article 3 the magnitude of the income tax as referred to in article 2 Above: a. the interest of bonds with a coupon (interest bearing bond) by:.,,.,, 1) 20% (twenty percent), for the tax payers in the country and a business form fixed (BUT);
., .2) 20% (twenty percent) or the rate in accordance with the agreement of Multiple tax evasion (P3B) which apply to Taxpayers resident/domiciled abroad; the gross amount of the interest in accordance with the period of ownership (holding period) bond. b. Top of discount bonds with a coupon rate:.,,.,, 1) 20% (twenty percent), for the tax payers in the country and a business form fixed (BUT);
., .2) 20% (twenty percent) or the rate in accordance with the agreement of Multiple tax evasion (P3B) which apply to Taxpayers resident/domiciled abroad; from the difference between the selling price or more nominal value on top of the price of the acquisition of bonds, not including interest (accrued interest). c. Top of discount bonds without interest (zero coupon bond) by:.,,.,, 1) 20% (twenty percent), for the tax payers in the country and a business form fixed (BUT);
., .2) 20% (twenty percent) or the rate in accordance with the agreement of Multiple tax evasion (P3B) which apply to Taxpayers resident/domiciled abroad; from the difference between the selling price or more nominal value above price acquisition bonds.
Article 4 Cutting income taxes referred to in article 2 committed by:.,, a. bond Issuers (issuers) or designated as custodial agent upon payment, interest and bond holders received discount coupons at maturity interest/bonds, and bond holders of discount earned no interest at maturity bonds;
.,, b. securities company (brokerage) or bank, as the intermediary traders or as buyer, interest and bond sellers of discount received at the time of the transaction.
Article 5 on interest and discount bonds received or retrieved the taxpayer: a. the Bank established in Indonesia or overseas bank branches in Indonesia;.,, b. pension funds that the founding/establishment has been passed by the Minister of finance;
.,, c. mutual funds listed on the capital market Supervisory Agency (BAPEPAM), for 5 (five) years since the founding of the first company or granting business license; is not subject to withholding income tax is final.

Article 6 income tax Deductions on interest and discount bonds received or obtained tax payers private persons within the country that the entire income including interest revenue and bond discount within 1 (one) year tax does not exceed the amount of income is not Taxable (PTKP), not to be final.

Article 7 procedures for the implementation of income tax deductions on interest and discount bonds traded and/or reported perda-gangannya in stock exchange is governed more by the decision of the Minister of finance.

Article 8 at the time when this Regulation comes into force, the Government Regulation Number 139 in 2000 of income tax on the income from the Bonds traded on the stock exchange (the State Gazette of the Republic of Indonesia Number 254 in 2000, an additional Sheet country number 4056), otherwise do not apply.

Article 9 this Regulation comes into force on 1 May 2002.

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.

.,, Set in Jakarta on 23 March 2002 the PRESIDENT of the Republic of INDONESIA, MEGAWATI SUKARNOPUTRI Enacted in Jakarta on March 23, 2002 the SECRETARY of STATE of the REPUBLIC of INDONESIA BAMBANG KESOWO RI STATE GAZETTE SUPPLEMENTARY No. 4175 (explanation of the 2002 State Gazette number 11) EXPLANATION for the REGULATION of the GOVERNMENT of the REPUBLIC of INDONESIA number 6 in 2002 ABOUT the INCOME TAX on INTEREST and DISCOUNT BONDS TRADED and/or REPORTED TRADING in the COMMON STOCK. , Based on the provisions of article 4 paragraph (2) of Act No. 7 Year 1983 regarding income taxes as it has several times changed with Act No. 17 of 2000, over certain income including income from securities transactions on the stock exchange and the imposition of taxes is regulated specifically by government regulations. These special arrangements aim to provide convenience to Taxpayers and enhance the effectiveness of the imposition of taxes. Treatment of income tax on the income from the bonds traded and/or reported trading in the stock exchange as set forth in a government regulation Number 139 in 2000 of income tax on the income from the Bonds traded on the stock exchange is seen still not effectively and efficiently. Therefore, in order to increase the effectiveness and efficiency of imposition of taxes as well as to encourage the development of capital markets through bond trading in Indonesia, hence the need to set back the income tax treatment of interest and discount bonds traded and/or reported its trade on the stock exchange. While against the interest and discount bonds that are traded outside the stock exchange and trading is not reported to the Stock Exchange remains subject to a withholding of income tax Article 23/26 and at the end of the tax year is subject to income tax on the basis of the general tariff over the sum of all taxable income received during the tax year acquired, through the calculation in the SPT annual.

The SAKE ARTICLE ARTICLE article 1, article 2, quite clearly, the top income tax Treatment, interest and discount on bonds traded on an Exchange and/or reported to stock exchange trading applicable to bonds without coupons (zero coupon bond) or bonds with a coupon (interest bearing bond). Similarly, there is no difference in tax treatment between corporate bonds issued by private businesses (corporate bond) and bonds issued by either the Central Government or local governments (government bond).

Section 3., pretty clear, article 4, article 5, clear enough, clear enough, article 6, article 7, is clear enough, clear enough, article 8, article 9, clear enough, clear enough,