Starting January 1, 2021, Stock Transactions will be subject to a Stamp Duty, …

JAKARTA – In connection with legalization Law No. 10 of 2020 on Seal Customs (Seal Customs Act) , there are provisions that should be considered in relation to Securities Transactions at the Exchange. One of the provisions of the Stamp Duty Law states that every Trade Confirmation (TC) without limitation on the nominal value received by investors as securities transaction documents will be subject to Stamp Duty of IDR 10,000 per document.

PH Corporate Secretary of the Indonesia Stock Exchange, Valentina Simon said, the party who is 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.

Also Read: Sri Mulyani Reveals the Reason for the Importance of IDR 10,000 Stamp Duty

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, ABs who are appointed as Mandatory Collectors for Stamp Duty have the obligation to collect Stamp Duty from investors on every TC issued, then must deposit them to the State Treasury and report the collection and deposit activities,” Valentina said in a written statement, Friday (18 / 12/2020).

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 accordingly
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. in Bursa, “he said.

Also Read: Restore the Economy, Luhut Invites China to Travel to RI

Valentina explained that all the latest information related to the implementation of the Stamp Duty Law will be conveyed by SRO to all capital market players, one of which is through AB and the Indonesian Securities Companies Association (APEI) so that it can be forwarded to related parties.

“Apart from that, with the enforcement of the Stamp Duty Law, it is hoped that it will not dampen investors’ interest in investing in the Indonesian Capital Market. The Indonesian Capital Market Regulator will continue to make adjustments and coordination needed to create an orderly, fair and efficient market,” he said.

(nng)

– .