Reason For The Price Of Stamp Duty To Rp.10,000: It Has Not Raised For 20 Years

Illustration. (Photo: Pos Indonesia)

JAKARTA - The Directorate General of Taxes (DJP) of the Ministry of Finance explained the reasons for the stamp duty rate to increase to IDR 10,000 thousand starting in 2021. One of them is because the existing stamp duty regulations no longer answer the challenges of increasing state revenue needs, as well as developments in the situation and conditions exists in society.

Director General of Taxes of the Ministry of Finance, Suryo Utomo, said that the current tariff has increased from Rp. 500 and Rp. 1,000 as stipulated in Law No. 13 of 1985 concerning Stamp Duty. Currently, the applicable stamp duty rates are IDR 3,000 and IDR 6,000.

Furthermore, said Suryo, the stamp price was Rp. 3,000 since 2000. The government could not raise the stamp price again because there was a maximum limit on price increases in Law No. 13/1985.

"That is the urgency why we need to change. The two stamp duties have not increased in 20 years. This is the basis," he said, in a virtual press conference, Wednesday, September 30.

Apart from tariffs, said Suryo, the new Stamp Duty Law also expands objects that were previously only physical documents. With this change, the object of stamp duty consists of physical documents as well as electronic documents, which are starting to be widely used over the times.

"So in the new law, the object of documents is not only paper, but also electronic ones. The Stamp Duty Law is Number 13 of 1985. Currently it is 35 years old, so the urgency is long enough and we have to adjust the changes," he said.

Suryo said that the revision of the Stamp Duty Law is also expected to provide convenience for the community. With the enactment of the new Stamp Duty Law starting January 1, 2021, there will be socialization of the rules and infrastructure needed to support these provisions.

"We at the DGT with related parties are preparing the rules of the game, then infrastructure. Because there is a transition the old seal can be used up to one year ahead," he explained.