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ILLUSTRATION. Sri Mulyani stressed that all share purchase and sale transactions will not be subject to a 10,000 IDR stamp tax.
Source: Kompas.com | Editor: Barratut Taqiyyah Rafie
KONTAN.CO.ID – JAKARTA. Finance Minister Sri Mulyani Indrawati spoke on the news that each share purchase and sale will be subject to a 10,000 IDR stamp tax. He emphasized that each share purchase and sale transaction will not be subject to a stamp duty of Rp. 10,000, but to a tax on documents issued periodically.
“So, the stamp tax is not imposed for share purchase and sale transaction as has appeared on various social networks,” Sri Mulyani said at a virtual press conference on the realization of the State Budget, Antara reported on Tuesday ( 12/22/2020).
He explained that the Rs 10,000 stamp tax was not a tax on transactions, but a tax on documents or civil matters.
In the stock market, he said, the stamp tax is imposed on commercial confirmations that are electronic documents issued periodically, that is, daily in all purchase and sale transactions.
Read also: The 10,000 IDR stamp tax for electronic documents is canceled on January 1, 2021
Currently, the General Directorate of Taxes is drafting regulations on stamp duty, including the scheme for the imposition of electronic documents using electronic stamps. However, considering that the electronic stamp does not yet exist, he continued, the Ministry of Finance is making preparations in the infrastructure for the manufacture, distribution and sale of electronic stamps.
That way, he said, on January 1, 2021, the imposition of stamp duty will not be applied to electronic documents because it still requires some preparation.
Read also: 10,000 IDR stamp duty on protested share transactions
“Commercial confirmation This is an electronic document, so the stamp duty will also have to be an electronic stamp. Currently we are still preparing the entire infrastructure so that it does not come into effect on January 1, 2021 ”, he added.
The government, he continued, does not have the goal of eliminating the high interest of the millennial generation who are increasingly conscious of investing, including investing in stocks. For this reason, the stamp duty will be levied on the documents taking into account the limits of fair value.
“The government will definitely consider the limits of reasonableness set out in the document and the law also takes into account the capacity of the community. I hope this ends with speculation and several questions lately,” he said.
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