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TAX AMNESTY FOR SPECIAL PURPOSE VEHICLE (SPV)
Hadori Sugiarto Adi & Rekan A member of HLB International
Vol. 15 October 2016
Table of contents 1
Foreword
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Tax Amnesty for Special Purpose Vehicle (SPV)
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Key Contacts
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Foreword Welcome to the fifteenth issue of Inspired! Tax amnesty announcements has been everywhere to inform the public about the program launched by the Indonesian Tax Service Office. For this edition, we would like to update you on the tax amnesty regulation concerning Special Purpose Vehicle (SPV). On August 23, 2016, the Ministry of Finance issued regulation No. 127/PMK.010/2016 (PMK-127) regarding tax amnesty for taxpayers who have indirectly owned assets through Special Purpose Vehicle (SPV). On September 23, 2016, the Ministry of Finance issued regulation No. 142/PMK.010/2016 (PMK-142) that amends the previous regulation. We have received various inputs/comments from our readers on the prior issues. This creates a room for discussion on practical and relevant issues to our clients. Since we want the journal to be as relevant as possible to your business needs, we look forward to hearing your inputs on each issue. If you wish us to write an article on topics relevant to your business needs, please e-mail us. Contact details are furnished at the last part of this journal.
Adi Wirawan Senior Partner October 2016
“Hadori Sugiarto Adi & Rekan (Hadori) is a registered public accounting and business advisers firm, established in 1973, with offices located in Jakarta, Surabaya, Yogyakarta and Semarang, and comprises of 13 partners and more than 225 professionals. Hadori is a member of HLB International.”
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Tax Amnesty For Special Purpose Vehicle (SPV) Pengampunan pajak masih menjadi isu menarik untuk didiskusikan. Pada kesempatan kali ini kami akan membahas pengampunan pajak terkait Special Purpose Vehicle (SPV).
Tax amnesty is still an interesting issue to be discussed. On this occasion, we will discuss tax amnesty process related to Special Purpose Vehicle (SPV).
Pada tanggal 23 Agustus 2016, Kementerian Keuangan menerbitkan peraturan No. 127/PMK.010/2016 (PMK-127) tentang pengampunan pajak bagi wajib pajak yang memiliki harta tidak langsung melalui Special Purpose Vehicle (SPV). Selanjutnya pada tanggal 23 September 2016, Kementerian Keuangan menerbitkan peraturan No. 142/PMK.010/2016 (PMK-142) yang merevisi peraturan sebelumnya.
On August 23, 2016, the Ministry of Finance issued regulation No. 127/PMK.010/2016 (PMK-127) regarding tax amnesty for taxpayers who indirectly owned assets through Special Purpose Vehicle (SPV). On September 23, 2016, the Ministry of Finance issued regulation No. 142/PMK.010/2016 (PMK-142) that amended the previous regulation.
Berdasarkan PMK-127 ayat 3 menjelaskan In accordance with paragraph 3 of PMK-127 SPV is a company which: bahwa SPV merupakan perusahaan yang: didirikan semata-mata untuk menjalankan Is established solely to perform special function for the interest of its founders, fungsi khusus tertentu untuk kepentingan such as purchasing and/or financing of pendirinya, seperti pembelian dan/atau investment; and pembiayaan investasi, dan is not conducting any active business tidak melakukan kegiatan aktif. activities. DEKLARASI KEPEMILIKAN HARTA
DECLARATION OF ASSETS OWNERSHIP
Jika wajib pajak belum melaporkan If the taxpayers have not yet reported their ownership in the SPV in their latest kepemilikan mereka pada SPV di Surat Pemberitahuan Tahunan (SPT) terakhir, Annual Income Tax Return (AITR), then the value to declare is the full amount of maka nilai yang dideklarasikan adalah those assets. sebesar jumlah keseluruhan Harta tersebut. Jika wajib pajak telah melaporkan Harta If taxpayers have already reported their ownership in the SPV in their latest berupa kepemilikan mereka pada SPV di SPT terakhir, maka nilai yang AITR, then the value to declare is the full amount of those assets less the value of dideklarasikan adalah sebesar jumlah the SPV ownership that has been keseluruhan Harta tersebut dikurangi nilai declared in the latest AITR. kepemilikan pada SPV yang telah dilaporkan pada SPT terakhir. Harta tidak langsung melalui SPV dimiliki lebih dari 1 (satu) Wajib Pajak, besarnya nilai Harta masing-masing wajib pajak dihitung secara proporsional sesuai porsi kepemilikan.
The value of assets indirectly owned by more than 1 (one) taxpayer through SPV is calculated based on the proportion of their ownership.
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TARIF UANG TEBUSAN/RATES OF REDEMPTION MONEY JuliSeptember 2016/JulySeptember 2016 2%
OktoberDesember 2016/OctoberDecember 2016 3%
Januari-Maret 2017/JanuaryMarch 2017 5%
Harta di luar negeri dan tidak dialihkan ke Indonesia/offshore assets and not repatriated to Indonesia
4%
6%
10%
APAKAH SPV WAJIB DIBUBARKAN ATAU TIDAK?
WHETHER SPV SHOULD BE DISSOLVE OR NOT?
Dalam PMK 127 Pasal 5 sebelumnya menyatakan bahwa wajib pajak yang mengikuti pengampunan pajak wajib membubarkan atau melepaskan hak kepemilikan atas SPV dengan tarif uang tebusan 2%, 3% dan 5% jika harta tersebut dialihkan ke Indonesia. Jika tidak dialihkan ke Indonesia, menggunakan tarif 4%, 6% dan 10%.
Under Article 5 of PMK 127 previously, it was stated that the taxpayer who applies for the tax amnesty must dissolve or relinquish ownership on the SPV with the redemption money rate of 2%, 3% and 5% if the asset is repatriated to Indonesia. If the asset is not repatriated to Indonesia, the rates are 4%, 6% and 10%.
Dalam peraturan terbaru, PMK-142, Pemerintah Republik Indonesia tidak mewajibkan membubarkan atau tidak melepaskan hak atas seluruh kepemilikan SPV yang tidak aktif.
In the latest regulation, PMK-142, the Government of the Republic of Indonesia does not obligate to dissolve or relinquish all ownership on the SPV that is not active.
Jika wajib pajak ingin membubarkan SPV dikenakan tarif uang tebusan sebesar 2%, 3% dan 5%. Jika wajib pajak tidak ingin membubarkan SPV, diperbolehkan dan dikenakan tarif lebih tinggi yaitu sebesar 4%, 6% dan 10% yaitu sama dengan tarif yang digunakan jika harta tidak dialihkan ke Indonesia.
If the taxpayer wants to dissolve the SPV, redemption money rates of 2%, 3% and 5% will be imposed. If the taxpayer does not want to dissolve the SPV, is allowed and will be imposed higher redemption money rates amounting to 4%, 6% and 10% that is the same as with the rate used if the assets not repatriated to Indonesia.
Jika Anda membutuhkan informasi mengenai pengampunan pajak terkait Special Purpose Vehicle (SPV), tim kami dapat membantu Anda untuk memproses permohonan Anda
If you need information regarding the tax amnesty related to Special Purpose Vehicle (SPV), our team can assist you to process your application.
Uraian/Description Harta yang berada di wilayah Indonesia atau berada di luar Indonesia yang dialihkan ke Indonesia dan diinvestasikan di Indonesia dalam jangka waktu paling sedikit 3 tahun/ Onshore or offshore assets that repatriated to Indonesia and invested in Indonesia for at least three years
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Key Contacts Should you need further clarification on the information included in this issue, or would require any assistance in the implementation of the new accounting standards, taxation, regulation, and any other inquiries on our advisory services, kindly send us an email at
[email protected] or call us at +62-21-5761667. Adi Wirawan Senior Partner
[email protected]
Wahyu Wibowo Partner
[email protected]
Yulianti Sugiarta Partner
[email protected]
Wijanarko Partner
[email protected]
Riza Manalo Paguio Senior Technical Advisor
[email protected]
Velix Sogen Partner
[email protected]
Contributors: Izzatul Yazidah
[email protected] Sri Agustina
[email protected] Cover Photo: Christy Widjaja
Cover Photo Location: Spider Web Rice Field, East Nusa Tenggara
HLB International is a leading global network of independent professional accounting firms and business advisers. We are present in 130 countries worldwide, with our member firms providing a comprehensive array of audit & accounting, tax and advisory services to a broad range of clients of all industry sectors. A member of the International Federation of Accountants Forum of Firms, HLB International is committed to the highest quality standards in financial reporting and auditing practices with all our members meeting specific quality criteria both nationally and internationally. With member firms well established in their markets, HLB International offers an ideal combination of local expertise and international skills. Our member firms support you as you grow regionally by becoming and globally, ensuring the same partner-led high-quality and personalised service wherever you operate. About Hadori Sugiarto Adi & Rekan Hadori & Rekan is a registered public accounting and business advisers firm. We have been established since 1973, with offices located in Jakarta, Surabaya, Yogyakarta and Semarang. The firm represents a group of specialist providing business advices and services to a wide range of business organizations, including private, public, stateowned enterprises and not-for-profit organizations. Since 1988, Hadori & Rekan joined HLB International, a worldwide accounting firms and business advisers. Having this membership each member firm has the right to use HLB in their name to present a blend of international and local name. It emphasizes the strength of both the international organization and the local firm whilst, at the same time, demonstrating the close bond between the two. Accordingly, the brand name Hadori & Rekan change to Hadori & Rekan (currently Hadori Sugiarto Adi & Rekan). Such change has been approved by the Ministry of Finance. As a member of HLB International, Hadori Sugiarto Adi & Rekan is part of a worldwide network of respected public accounting and business advisory firms in 130 countries, with 1,900 partners and 17,000 staffs in 600 offices worldwide. This publication contains general information only and is not intended to be comprehensive or to provide specific accounting, business, financial, investment, legal, tax or other professional advice or services. This publication is not a substitute for such professional advice or services, and it should not be acted on or relied upon or used as a basis for any Verdict or action that may affect you or your business. Before making any Verdict or taking any action that may affect you or your business, you should consult a qualified professional advisor. Whilst every effort has been made to ensure the accuracy of the information contained in this publication, this cannot be guaranteed, and neither HLB International nor any related entity shall have any liability to any person or entity that relies on the information contained in this publication. Any such reliance is solely at the user’s risk. © 2016 Hadori Sugiarto Adi & Rekan
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