Three Phases Of Investment Management Institution Transactions Ala Sri Mulyani

Minister of Finance Sri Mulyani Indrawati. (Photo: Ministry of Finance)

JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani explained that the Investment Management Institution (LPI) will carry out three major phases in carrying out its operational activities. The first phase is a transaction which is an investment in nature or is called the investment period.

"If we see, in the LPI transaction during the investment period, there will be various potential tax objects which we will convey to the Draft Government Regulation (RPP)," he said in an official statement, Tuesday, February 2.

The Minister of Finance continued to explain the second phase, related to the ownership period or time to own the business entity. When LPI owns a profit-making PT Y company, it will be paid in the form of dividends to shareholders, namely an infrastructure fund.

"The infrastructure fund pays dividends to LPI and investors who are partners of PT LPI. That is also what we will convey later in the RPP object and treat taxes on transactions when LPI owns the company where it can get dividends," said the Minister.

Meanwhile for the third phase, it occurs when the LPI decides to exit certain investments. In this phase, the infrastructure fund sells infrastructure assets to new buyers and the proceeds from the sale are distributed to LPI and other investors who own the infrastructure fund.

For information, the LPI was formed through state capital participation of IDR 15 trillion. In addition, this institution is also said to be supported by the stock capitalization and cash capital of a number of BUMNs of IDR 75 trillion.