Stamp duty Rp.10 thousand applies from January 1, 2021

Jakarta, CNN Indonesia –

Finance Minister Sri Mulyani call bea seal with a par value of IDR 3,000 and IDR 6,000 per share combined in one fee, ie IDR 10,000 per share. This new stamp rate will take effect from January 1, 2021.

This policy is contained in the Stamp Tax Law that was just discussed with DPR Panja. “This law will go into effect on January 1, 2021. So it doesn’t go into effect directly when it is enacted,” Ani, as it is often called, reportedly said. Between, Thursday (3/9).

Along with the new stamped rate policy, the government will impose several new provisions. First, Micro, small and medium-sized enterprises (MSMEs) document fees of less than 5 million IDR do not need to use a stamp to validate approval.

“It is a form of bias. It is an increase in documents of more than 1 million rupees, which must cost a stamp,” he said.

Second, the use of stamp duty will continue to be required for paper and digital documents. This is established in article 32 of the bill.

“This is in keeping with changing times, so we hope that with this law we can provide fair treatment of paper and non-printed documents,” Ani said.

Several changes were made to the Stamp Tax Law that have not been revised in the last 34 years to provide legal certainty to electronic documents to use electronic seals in accordance with technological advances.

“When it is payable and subject to stamp in detail by type of document and the improvement of the administration of this stamp collected is also expected to provide legal certainty,” he explained.

Ketiga, the government exempts the provisions on the use of the stamp tax for the management of natural disasters and activities of a religious and social nature. This is done to support international agreements.

Fourth, the government prepares administrative and criminal sanctions for failure to pay the stamp duty. Sanctions to minimize and prevent crime in the tax sphere.

“Improvements are also being made in the distribution, sale, use of counterfeit seals and used packaging,” he explained.

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