Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Fathan Qorib, Robert Sidauruk
Following the enactment of Government Regulation No. 11 of 2014on Levies by the Financial Services Authority (“Regulation”), notaries and other supporting professions to the financial services sector will be subject to the new OJK levies set out in the Regulation.
Unlike capital market legal consultants who strongly oppose the levies, notaries acting through the Indonesian Notaries Association (INI) have refused to comment on the levies until they hold a general meeting to address the matter.
Andrian Djuaini, Chairman of INI, says that any decision relating to the levies will be determined on behalf of the association and not by individual notaries.
“INI will organize a meeting this week to discuss the OJK levies and respond with an official statement on behalf of the notary profession,” informed Mr. Djuaini on Monday.
Under the Regulation the OJK will impose two types of levies on supporting professionals to the financial services sector covering capital market legal consultants, accountants, surveyors, and notaries. One of the levies is a registration fee to obtain a license from the OJK the fee for which is IDR 5 million per person.
The second fee is an annual levy which to be paid by the offices of the listed professions set at 1.2 percent of the value of each service contract for financial services related work. Under the Regulation the annual levy is paid in four payments each year in April, July, October and December.
Nelson Tampubolon, Head Executive of Banking Oversight at the OJK, explained that the Regulation also imposes levies on businesses in the financial services sector, both banks and non-bank institutions.
According to Mr. Tampubolon, the levies will be collected from every business regardless of whether a business is a subsidiary company of other financial services sector business.
“The levy cannot be consolidated, hence each business is responsible for the levy even though it may be a subsidiary company of another business in the financial sector,” concluded Mr. Tampubolon.
(For more information on OJK levies see ILB No. 2348).
(hot/kc)
Fathan Qorib, Robert Sidauruk
Following the enactment of Government Regulation No. 11 of 2014on Levies by the Financial Services Authority (“Regulation”), notaries and other supporting professions to the financial services sector will be subject to the new OJK levies set out in the Regulation.
Unlike capital market legal consultants who strongly oppose the levies, notaries acting through the Indonesian Notaries Association (INI) have refused to comment on the levies until they hold a general meeting to address the matter.
Andrian Djuaini, Chairman of INI, says that any decision relating to the levies will be determined on behalf of the association and not by individual notaries.
“INI will organize a meeting this week to discuss the OJK levies and respond with an official statement on behalf of the notary profession,” informed Mr. Djuaini on Monday.
Under the Regulation the OJK will impose two types of levies on supporting professionals to the financial services sector covering capital market legal consultants, accountants, surveyors, and notaries. One of the levies is a registration fee to obtain a license from the OJK the fee for which is IDR 5 million per person.
The second fee is an annual levy which to be paid by the offices of the listed professions set at 1.2 percent of the value of each service contract for financial services related work. Under the Regulation the annual levy is paid in four payments each year in April, July, October and December.
Nelson Tampubolon, Head Executive of Banking Oversight at the OJK, explained that the Regulation also imposes levies on businesses in the financial services sector, both banks and non-bank institutions.
According to Mr. Tampubolon, the levies will be collected from every business regardless of whether a business is a subsidiary company of other financial services sector business.
“The levy cannot be consolidated, hence each business is responsible for the levy even though it may be a subsidiary company of another business in the financial sector,” concluded Mr. Tampubolon.
(For more information on OJK levies see ILB No. 2348).
(hot/kc)