Brief points of Indonesia tax amnesty (Law No.11 of 2016):
Any Tax Payer shall be entitled
to Tax Amnesty which will be granted through the disclosure of its Property in
the Statement Letter (letter submitted by the Tax Payer to disclose its Property,
Debt, net value of its Property, and the calculation and the payment of
Compensation Money), excluding for the Tax Payer under the investigation, the completed
investigation files for pre-criminal charges, court proceedings, and criminal
conviction within the scope of tax. Tax Amnesty comprises of tax obligations in
the scope of Income Tax, and Value Added Tax or Sales Tax on Luxury Goods
Tariff of Compensation Money (a
sum of money paid to the state treasury fund in order to attain Tax Amnesty) upon
Tax Payer’s Property either located beyond or within the jurisdiction of
Indonesia that repatriated and invested within the jurisdiction of Indonesia for
a period of 3 years since the said repatriation, shall be:
-
2% for the period of the submission of Statement
Letter in the first month until the end of third month, starting from the
effective date of this Law;
-
3% for the period of the submission of Statement
Letter in the fourth month until 31 December 2016, starting from the effective
date of this Law;
-
5% for the period of the submission of Statement
Letter starting from 1 January 2017 until 31 March 2017.
Tariff of Compensation Money upon
Tax Payer’s Property that located beyond the jurisdiction of Indonesia and that
is not repatriated into the jurisdiction of Indonesia, shall be:
-
4% for the period of the submission of Statement
Letter in the first month until the end of third month, starting from the
effective date of this Law;
-
6% for the period of the submission of Statement
Letter in the fourth month until 31 December 2016, starting from the effective
date of this Law;
-
10% for the period of the submission of
Statement Letter starting from 1 January 2017 until 31 March 2017.
Tariff of Compensation Money for
the Tax Payer whose circulation money of its business is up to the amount of
4.8 billion Rupiah as of the Latest Fiscal Year, shall be:
-
0,5% for the Tax Payer who disclose the value of
Property that up to 10 billion Rupiah in the Statement Letter; or
-
2% for the Tax Payer who disclose the value of
Property that over than 10 billion Rupiah in the Statement Letter,
for the period of the submission
of Statement Letter in the first month of the effective date of this Law until
31 March 2017
The amount of Compensation Money
shall be calculated by way of multiplying the tariff as mentioned above with
the net value of Property which has never or not yet completely been reported
in the Latest Income Tax Annual-Report (SPT
PPh Terakhir).
In the event of the value of
(additional) Property is under the foreign currency, its value shall be stated
in Rupiah based on nominal value of Property in the form of cash, or the
appropriate value at the end of Latest Fiscal Year for the Property value aside
from cash.
