Transaction In BEI Affected By Rp10,000 Seal Fee, This Is DJP Explanation

JAKARTA - The Directorate General of Taxes (DGT) will impose stamp duty on Trade Confirmation (TC) securities transacted on the stock exchange.

Every transaction of securities, whether in the form of shares, bonds and others on the Indonesia Stock Exchange (IDX), will be subject to stamp duty of IDR 10,000 starting January 1, 2021.

Director of P2Humas of the Directorate General of Taxes, Ministry of Finance, Hestu Yoga Saksama said that his party is currently drafting implementing regulations. Therefore, the public is asked to wait for the derivative regulation when the stamp duty will be imposed for transactions on the exchange.

"The DGT is currently drafting implementing regulations for the new Stamp Duty Law Number 10 of 2020," he said, in a written statement received by VOI, Saturday, December 19.

The imposition of stamp duty, said Hestu, will be carried out on documents by considering the limits of fairness of value stated in the document and paying attention to the ability of the community.

In addition, in the context of encouraging or implementing government programs and / or policies of the authorized institutions in the monetary or financial services sector, Stamp Duty exemption facilities may be granted.

"DGT is coordinating with monetary authorities and business actors to formulate the policy," he said.

Meanwhile, PH Corporate Secretary of the Indonesia Stock Exchange, Valentina Simon said, the party subject to Stamp Duty on the TC is the investor as the document recipient in accordance with the provisions and explanations in Article 3 number 2 letter e, Article 5, Article 8 number 1 letter b, and Article 9 point 1 of the Stamp Duty Law.

In terms of the dissemination of comprehensive Stamp Duty Law information for all stakeholders in the Indonesian Capital Market, the Directorate General of Taxes (DGT) has provided an overview of the mechanism for fulfilling Stamp Duty which is planned to be outlined in technical regulations and issued by the DGT and the Ministry of Finance of the Republic of Indonesia, including technical provisions. related to the appointment of an Exchange Member (AB) as compulsory levies, and the procedure for electronic sealing.

In the future, said Valentina, AB who is appointed as the Mandatory Stamp Duty Collector has the obligation to collect Stamp Duty from investors on each issued TC, then must deposit it to the State Treasury and report the collection and deposit activities.

Starting January 1, 2021, each TC will be directly subject to Stamp Duty and until the appointment of the AB as a Collector, the fulfillment of the Stamp Duty obligations is the responsibility of the investor. This can be fulfilled using a Tax Payment Letter (SSP) and / or other mechanisms in accordance with the provisions of the DGT.

"Nevertheless, the Financial Services Authority (OJK) together with the Self-Regulatory Organization (SRO) and DGT continue to coordinate so that the technical provisions and implementation policies of the Stamp Duty Law remain in line with the current market deepening program which has effectively increased the growth in the number and activity of retail investors. at the Exchange, "he said, in a written statement, Friday, December 18.