Information on the Implementation of Stamp Duty on Mutual Fund Transaction Confirmation Documents - Effective 1 August 2022 Refers to the following regulation:
Law No. 10 of 2020 concerning Stamp Duty (“Stamp Duty Law”);
Government Regulation (“PP”) No. 3 of 2022 concerning the Provision of Exemption and Imposition of Stamp Duty Facilities;
Regulation of the Minister of Finance (“PMK”) Numbers 133 and 134 of 2021 concerning Stamp Duty; and
Letter from the Directorate General of Taxes Number S-143/PBM/PJ/2022 dated February 22, 2022 regarding Letter of Determination of KSEI as Stamp Duty Collector since March 1, 2022
in which it is stated that there is a stamp duty fee on the confirmation document of the Mutual Fund transaction . The stamp duty fee applies to the total accumulated value of Mutual Fund transactions above IDR10 million per day at all Mutual Fund Selling Agents (APERD).
The Customer as the Participation Unit Holder (“PUP”)/Investor to bear the stamp duty fee for this Mutual Fund transaction confirmation document. The application of stamp duty fees to the Customer will be implemented for Mutual Fund transactions starting on August 1, 2022 and the debiting of stamp duty fees will be carried out starting September 2022.
The calculation of the stamp duty fee is calculated proportionally by KSEI as the collector appointed by the Directorate General of Taxes based on the number of consolidated transactions of all APERDs carried out by the Mutual Fund PUP on a daily basis, a maximum of IDR10,000 per day.
The types of transactions subject to stamp duty include Subscription, Redemption, Switch-in, Switch-out, Reinvestment, Liquidation, Unit Adjustment and/or other types of transactions as determined by the Financial Services Authority (OJK).
Mutual Fund transaction confirmation documents must be sent to all Customers who make transactions without exception.
Information on the Implementation of Stamp Duty on Bond Transaction Confirmation Documents - Effective 1 August 2022 Refers to the following regulation:
Government Regulation (“PP”) No. 3 of 2022 concerning the Provision of Exemption and Imposition of Stamp Duty Facilities;
Regulation of the Minister of Finance (“PMK”) Numbers 133 and 134 of 2021 concerning Stamp Duty;
in which it is stated that there is a stamp duty fee on the confirmation document of the Secondary Bond transaction of the value Bond transactions above IDR 10 million per day .
The Customer as the Investor to bear the stamp duty fee for this Bond transaction confirmation document. The application of stamp duty fees to the Customer will be implemented for Bond transactions starting on August 1, 2022 and the debiting of stamp duty fees will be carried out starting September 2022.
The types of transactions subject to stamp duty include Subscription and Redemption and/or other types of transactions at the Bond trading confirmation.
Secondary Bonds transaction confirmation documents must be sent to all Customers who make transactions without exception.
