TAX AMNESTY - SAID. REDEEM.

RELIEVED

Background:
moderate global economic growth
Americas economy is not yet stable
slowing growth in china
uncertainty policy of monetary
commodity prices is decline
geopolitical risks: middle east & brexit

Impact on indonesia:
indonesias economic is slowdown
deficit trade balance
budget deficit enlarged
the come down in the growth rate of industry sector / manufacturing
infrastructure gap remains high

The result of these conditions cause increased:

unemployment
poverty
gaps

WE HAVE TO FIND!
New sources of economic growth!
Indonesia's economic growth is come down so must to seek sources of foreign investment. This case cause
investment opportunities in indonesia is OPEN!
THE WAY IS WITH REPATRIATION.

Treasure citizen spread across indonesia

Picture
Time to go back, now!

Why now?
Because this country needs a lot of funds for sustainable development and inclusive.
Take advantage of the tax amnesty now, before:
Automatic Exchange Of Information (AEOI), at least start in 2018
revision of the banking legislation for disclosure of data for taxation
With this, the taxpayer can no longer hide their assets from tax authorities

The purpose of tax amnesty:

1. Increase the sources of economic growth by the repatriation of assets which aims to:
increased domestic liquidity
improvement of the exchange rate
competitive interest rates
increased investment
2. Expansion of the database taxation:
Data is valid, comprehensive and integrated
The calculation of potential tax revenue is more reliable
3. Increase tax revenue:
Short term = reception ransom
Long term = tax revenues based data more complete and accurate

The definition of a tax amnesty is the elimination of the tax owed should not be subject to the tax
administration and criminal sanctions in field of taxation by uncovering treasures and pay the ransom.
6 gains of tax amnesty:
1. Elimination: taxes payable
2. Not charged: criminal and administrative sanctions taxation
3. Not done: inspection, examination and investigation preliminary evidence
4. Termination: examination process, preliminary evidence examination, or investigation
5. Secret guarantee: the data of tax amnesty can not be the basis of the examination and investigation of any
criminal offense
6. Exemption: income tax for additional property behind the name

Tax amnesty be valid to income tax (PPh), value added tax (PPN), sales tax on luxury goods (PPnBM) up to
the end of the last tax year *
* = in the last tax year period 1 january 2015 to 31 december 2015

Individual / company are entitled to a tax amnesty:

company
individual
employers with a certain turnover
individuals / companies who do not have a taxpayer identification number (NPWP)

Exceptions are subject to taxpayers:

investigation and the investigation file has been declared complete by the prosecutor for a criminal offense
in the field of taxation
in the judicial process for criminal acts in the field of taxation
undergo a criminal conviction for a criminal offense in the field of taxation

Must do:
1. Disclose all property that has not been reported in the annual income tax return
2. Pay ransom

How to count ransom = percentage rate X net assets

How to calculate net assets = the additional assets - debts related to the acquisition of additional property
and has not been reported in the last income tax returns
How to calculate net assets seen from:
property in the form of cash reported in accordance nominal value
other assets except cash are reported in accordance reasonable price according to the calculation of the
taxpayer itself
if in foreign currency, the foreign currency should converted into rupiah with exchange rate of the finance
minister at the end of the last tax year
Acquisition-related debt assets may be deducted as much as:
75% of additional assets for corporate taxpayers
50% of additional assets for an individual taxpayer / individual

The equitable value is the value that describes the conditions and circumstances similar or equivalent assets
based on assessment of the taxpayer. Recorded as the acquisition cost of assets reported at least in annual
income tax returns in 2007

Percentage rate:
Disclosure of property that situated in indonesian:
2% for first period since 1 july 2016 - 30 september 2016
3% for second period since 1 october 2016 - 31 december 2016
5% third period since 1 january 2017 - 31 march 2017

Disclosure of property situated outside the territory of the republic of indonesia (if the property is not
transferred into indonesian)
4% for first period since 1 july 2016 - 30 september 2016
6% for second period since 1 october 2016 - 31 december 2016
10% for third period since 1 january 2017 - 31 march 2017

If you transfer and invest overseas possessions into indonesian, you get a special percentage rate that is:
2% for first period since 1 july 2016 - 30 september 2016
3% for second period since 1 october 2016 - 31 december 2016
5% for third period since 1 january 2017 - 31 march 2017

Deadline transfer of property into the territory of the republic of indonesia:

First period is 1 july 2016 - 30 september 2016
Second period is 1 october 2016 - 31 december 2016
Third period is 1 january 2017 - 31 march 2017

Investments vehicle: (with period at least 3 years)

Indonesians stock
bonds of state-owned enterprises
bonds of financing institution owned by the government
financial investment in the bank's perception
bonds of private companies who supervised the financial services authority (OJK)
infrastructures investment through governments cooperation with business entities
real sector investment based on the priorities set by the government
other forms of investment constituted under regulations

Special rate for specific turnover for taxpayers with business circulation up to 4.8 billion in the last tax year
(be valid since 1 july 2016-31 march 2017)
0.5% if the property is disclosed up to 10 billion
2% if the property is disclosed more than 10 billion

A minimum period of additional assets disclosed or transferred into the territory of the republic of indonesia
to remain in indonesian is 3 years

How to submit a petition:

1. Meet the helpdesk to talk about:
Tax amnesty
Requirements necessary
Tax arrears
Counting ransom
2. Pay the ransom
3. Convey the letter of affidavit treasure for tax amnesty and attachments

Tax arrears consist of:

the principal amount of the unpaid tax
additional taxes accrued including taxes should not be returned (by decision of directorate general of taxes
or a judicial decision)

Affidavits letter contains the taxpayer's identity, assets, debts, net assets, and accounting of ransom signed
by the taxpayer itself for individual / private person and the leader of a business entity or proxy for business
entities. An affidavits letter may be submitted at least 3 (three) times.
Requirements:
have a taxpayer identification number / NPWP
paying ransom
the last annual tax return income tax has been reported
About Last Annual Income Tax:
Annual Income Tax 2015 = for taxpayers whose accounting year ends on the period 1 july 2015 - 31
december 2015
Annual Income Tax 2014 = for taxpayers whose accounting year ends on the period 1 january 2015-30
june 2015
Requirements:
pay off the entire principal arrears (including branches) like tax assessments (SKP), tax bills (STP)
for taxpayers who have preliminary evidence examination and / or investigation, must pay taxes that
underpaid and taxes should not be returned
revoke the petition in the form of refund overpaid taxes, reduction / elimination of the administrative
sanctions in like tax assessments (SKP), tax bills (STP) that are the subject of tax payable, the reduction /
cancellation of the tax assessment is incorrect, the lawsuit; objection; appeal; correcting on tax assessments
and decision letter.
Within 10 working days, finance ministers must publish a certificate of tax amnesty.

Confidentiality of the data:

it cant be requested by anyone
it cant be given at any parties
can not be used as the basis of investigation, investigation and / or prosecution of any criminal offense
anyone who leaked the information will be sentenced to imprisonment at least for 5 years

Submit a statement of assets for tax amnesty and the requirements to registered tax services office
IMMEDIATELY! If after a period of remission ends, directorate general of taxation find treasures that have
not been reported, taxpayers who participate in the program then the property tax amnesty will be
considered as additional income and subject to income tax + get a penalty as much as 200%

All disputes appertain with implementation of the tax amnesty just can be resolved by the filing of a lawsuit
in the judiciary taxes. After a period of remission ends, the taxpayer does not take advantage of tax amnesty
and the directorate general of taxation find treasures that have not been reported get consequences maximum
of 3 years since the enactment of laws tax amnesty, the property will be considered as additional income &
tax report (SPT) and must pay a taxed + administrative sanctions in accordance laws of taxation.

Thank You