Through the official website of the Ministry of Finance of the Republic of Indonesia, it was reported that the House of Representatives (DPR RI) on Tuesday (29/9) had approved the Draft Law (RUU) on Stamp Duty to become law. Thus, starting January 1, 2021, the official stamp duty price will be IDR 10 thousand, which will apply one tariff, where previously there were IDR 3 thousand and IDR 6 thousand now abolished, Wednesday (30/9/2020).
“The fundamental change regarding tariffs concerns the adjustment of the stamp duty tariff to a single layer of fixed tariffs, namely Rp. 10 thousand, which was previously two layers of tariffs, namely Rp. 3,000 and Rp. 6,000,” said Finance Minister Sri Mulyani Indrawati in a plenary session, Tuesday (29 /9) quoted from several Indonesian media.
According to Sri, the tariff adjustment is carried out by taking into account per capita income, people’s purchasing power and the need for state revenues. With this rate increase, it is estimated that state revenues through taxes could increase to Rp 11 trillion in 2021. This was conveyed by the Director General of Taxes Suryo Utomo during a meeting with Commission XI of the Indonesian House of Representatives earlier this month.
Reporting from CNBC, Chairman of Commission XI, Dito Ganinduto said, from a working meeting held with the Ministry of Finance, there were 8 factions who agreed the Stamp Duty Bill became law and one faction rejected it. However, even so, the stamp duty was continued to become a law because the factions who agreed were more dominant than those who refused.
“We ask all members, can the Bill on Stamp Duty be approved and passed as law?” asked the Speaker of the House of Representatives, Puan Maharani, during the plenary session, which was answered in agreement by the members of the council present.
The following are the results of the approved stamp duty law:
1. Expansion of the Stamp Duty object: The expansion of the Stamp Duty object lies in the expansion of the definition of the document that is a Stamp Duty object, which not only includes documents in paper form, but also includes documents in electronic form. This change is intended to provide functional equality (level playing field) between electronic documents and paper documents so that the basis of fairness in the imposition of Stamp Duty can be proportionally upheld.
- Tariff adjustment: Fundamental changes in tariffs, involving the adjustment of the Stamp Duty rate to a single layer of fixed tariffs of Rp. 10,000, which previously had two layers of tariffs, namely Rp. 3,000 and Rp. 6,000.
- Nominal value limit of Documents subject to Stamp Duty: The nominal value limit of documents containing the amount of money subject to Stamp Duty shall be adjusted from the original Rp. 250,000 to Rp. 5,000,000. With this new arrangement, it means that there are documents that were originally subject to Stamp Duty which contained amounts of money with a value above Rp. 250,000 to Rp. 5,000,000, which are not subject to Stamp Duty.
- Use of Electronic Seals and other forms of stamp duty other than Stamp Duty: The development of Stamp Duty payment technology is a concrete step that must be taken as a follow-up to the imposition of Stamp Duty on electronic documents, so that Stamp Duty payments can be made more simply and effectively.
- Provision of facilities: The provision of facilities can be given in the form of exemption from the imposition of Stamp Duty on certain documents needed for natural disaster management activities, religious and social activities, as well as in the context of supporting government programs and implementing international agreements.
- Regulation on sanctions: In the context of law enforcement, the Stamp Duty Bill has included norms and sanctions, both administrative sanctions and criminal sanctions, which aim to increase compliance with the fulfillment of Stamp Duty payment obligations and to minimize and prevent the occurrence of criminal acts of manufacture, distribution, sale, and the use of fake or used seals.
