Jumat, Agustus 23, 2019

Govt. Applies Final Income-Tax Rate for Bond Interest Deriving from Infrastructure Investment Funds

On 7 August 2019, the Indonesian Government officially issued Regulation of the Government No. 55 of 2019, which is the second amendment to Regulation of the Government No. 16 of 2009 on Income-Tax for Incomes in the Form of Bond Interest (“Amendment”). The Amendment was issued in order to encourage the development of the financial market within Indonesia by enhancing the ability of collective investment contracts to accommodate bonds.
In general, the Amendment has now applied final income tax to incomes which derive from interest and/or discounts relating to bonds which are received and/or obtained by taxpayers via mutual funds and infrastructure investment funds (which take the forms of collective investment contracts, real-estate investment funds and asset-backed securities in the form of collective investment contracts). Said final income tax has now been applied at the following rates: 1) 5% until 2020; and 2) 10% from 2021 onwards. (SETKAB)

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*Syarat dan ketentuan berlaku

On 7 August 2019, the Indonesian Government officially issued Regulation of the Government No. 55 of 2019, which is the second amendment to Regulation of the Government No. 16 of 2009 on Income-Tax for Incomes in the Form of Bond Interest (“Amendment”). The Amendment was issued in order to encourage the development of the financial market within Indonesia by enhancing the ability of collective investment contracts to accommodate bonds.
In general, the Amendment has now applied final income tax to incomes which derive from interest and/or discounts relating to bonds which are received and/or obtained by taxpayers via mutual funds and infrastructure investment funds (which take the forms of collective investment contracts, real-estate investment funds and asset-backed securities in the form of collective investment contracts). Said final income tax has now been applied at the following rates: 1) 5% until 2020; and 2) 10% from 2021 onwards. (SETKAB)

......

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