DPR Ratifies The Price Of Stamp Duty To Increase To Rp10,000, The PKS Faction Rejects

Seal illustration. (Photo: Pos Indonesia)

JAKARTA - The Indonesian House of Representatives (DPR) passed the Stamp Duty Bill (RUU) into Law. The agreement was taken at the plenary session of the second level talks to make a decision on the Stamp Duty Bill.

The chairman of the DPR, Puan Maharani, as the chairman of the plenary session, asked all members of the council who were present regarding the approval of the Bill of Stamp Duty into law.

"Can the Stamp Customs and Excise Bill be approved into law ?," asked Puan, at the 6th plenary session of the first trial period 2020-2021, at the MPR / DPR Complex, Jakarta, Tuesday, September 29.

"Agreed," replied the council member, followed by hammering by the head of the trial.

Meanwhile, the Chairman of Commission XI DPR RI Dito Ganinduto in his report said that since the beginning the PKS Faction rejected the discussion of the Bill on Stamp Duty for the 2014-2019 period.

Dito said the reason for the rejection of this faction was because the economic condition was undergoing major changes due to the COVID-19 pandemic.

"The PKS faction considers that the increase in stamp fees will further weaken people's purchasing power and weaken the economy," said Dito.

The Minister of Finance, Sri Mulyani Indrawati, expressed his gratitude for the support of all DPR members in the process of forming this Stamp Duty Bill. So that it reaches the decision-making stage in the plenary session.

The State Treasurer said that stamp duty is a tax on documents whose legal basis for collection is currently referring to Law Number 13 Year 1985 concerning Stamp Duty which has been in effect since January 1, 1986. Since then it has not been changed.

Meanwhile, the existing conditions that have occurred in society for more than three decades have experienced many changes, both in the field of economics, social law and information technology.

According to Sri Mulyani , this has resulted in most of the existing stamp duty arrangements no longer responding to the challenges of the increasing need for state revenue as well as developments in the situation and conditions in society.

"The ratification of this bill is very useful as one of the roles of instruments to improve people's welfare and increase quality economic growth and improve stamp duty governance while still considering the principle of justice," said Sri Mulyani.

In this law, it will be optimized in terms of prices, namely Rp. 10,000, from the two rates of Rp. 3,000 and Rp. 6,000. However, the government still supports small and medium enterprises, including those whose document values are below or equal to IDR 5 million, do not need to use a stamp.

Previously, Sri Mulyani confirmed that the Stamp Duty Act (UU) that had been drafted with the House of Representatives would only take effect in 2021. This consideration was made because of the situation rather than the COVID-19 pandemic.

"This law will take effect from January 1, 2021, so it will not take effect immediately when it is promulgated," he said, at the DPR Building, Parliament Complex, Thursday, September 3.