Upload File

taxupdate dec 2017 - der - ahscahsc.co.id/news/pdf/taxupdate dec 2017 - der.pdf · accounting...

  • Home
  • Documents
  • TaxUpdate Dec 2017 - DER - AHSCahsc.co.id/news/pdf/TaxUpdate Dec 2017 - DER.pdf · Accounting Standard (PSAK) and non-interest bearing loan from party with special relationship (affiliates)
3
TaxUpdate December 2017 Update on Thin Capitalisation Rules The Indonesian thin capitalisation rules are governed under: a) the Minister of Finance Regulation No169/PMK.010/2015 dated 19 September 2015 (“MoF169”), which is applicable commencing from fiscal year 2016; and b) the Director General of Tax regulation No. PER-25/PJ/2017 dated 28 November 2017 (“PER25”), which reporting requirements are applicable commencing from fiscal year 2017. Key features of MoF169 are as follows: Topics Key Features Debt to Equity Ratio (“DER”) a) Applicable to Indonesian corporate taxpayers, except for taxpayers subject to final income tax (e.g. construction, land/ building rental, and shipping), mining and oil/ gas companies with contracts that contain specific DER provisions (e.g. upstream oil & gas Production Sharing Contracts/ PSC and mining Contracts of Work/ CoW), banks, financing institutions, insurance companies, and infrastructure companies. b) The maximum DER is 4:1 for financing cost deduction in the Corporate Income Tax calculation. If the DER exceeds 4:1, deductible financing cost will be limited to an allowable deductible amount based on the 4:1 DER. Debt Debt consists of short-term and long-term loans, including interest bearing trade payable. Debt for the purpose of DER calculation is the average debt balance during the year/ period, which is calculated from the average of end of month debt balance during the relevant year/period.

Upload: vuhuong

Post on 02-Mar-2019

214 views

Category:

Documents


0 download

Report

TRANSCRIPT

Page 1: TaxUpdate Dec 2017 - DER - AHSCahsc.co.id/news/pdf/TaxUpdate Dec 2017 - DER.pdf · Accounting Standard (PSAK) and non-interest bearing loan from party with special relationship (affiliates)

TaxUpdate

December2017

Update on Thin Capitalisation Rules TheIndonesianthincapitalisationrulesaregovernedunder:

a) theMinisterofFinanceRegulationNo169/PMK.010/2015dated19September2015(“MoF169”),whichisapplicablecommencingfromfiscalyear2016;and

b) theDirectorGeneralofTaxregulationNo.PER-25/PJ/2017dated28November2017(“PER25”),whichreportingrequirementsareapplicablecommencingfromfiscalyear2017.

KeyfeaturesofMoF169areasfollows:

Topics KeyFeatures

DebttoEquityRatio(“DER”)

a) ApplicabletoIndonesiancorporatetaxpayers,exceptfortaxpayerssubjecttofinalincometax(e.g.construction,land/buildingrental,andshipping),miningandoil/gascompanieswithcontractsthatcontainspecificDERprovisions(e.g.upstreamoil&gasProductionSharingContracts/PSCandminingContractsofWork/CoW),banks,financinginstitutions,insurancecompanies,andinfrastructurecompanies.

b) ThemaximumDERis4:1forfinancingcostdeductionintheCorporateIncomeTaxcalculation.IftheDERexceeds4:1,deductiblefinancingcostwillbelimitedtoanallowabledeductibleamountbasedonthe4:1DER.

Debt

Debtconsistsofshort-termandlong-termloans,includinginterestbearingtradepayable.DebtforthepurposeofDERcalculationistheaveragedebtbalanceduringtheyear/period,whichiscalculatedfromtheaverageofendofmonthdebtbalanceduringtherelevantyear/period.

Page 2: TaxUpdate Dec 2017 - DER - AHSCahsc.co.id/news/pdf/TaxUpdate Dec 2017 - DER.pdf · Accounting Standard (PSAK) and non-interest bearing loan from party with special relationship (affiliates)

2

Topics KeyFeatures

Equity

EquityconsistsofequitybalanceinaccordancewiththeIndonesianStatementsofFinancialAccountingStandard(PSAK)andnon-interestbearingloanfrompartywithspecialrelationship(affiliates).EquityforthepurposeofDERcalculationistheaverageequitybalanceduringtheyear/period,whichiscalculatedfromtheaverageofendofmonthequitybalanceduringtherelevantyear/period.Iftheequitybalanceisnilordeficit,allfinancingcostsarenotdeductible.

FinancingCosts

Financingcostsconsistofinterest,discountandpremiumrelatedtodebt,debtarrangementcost,financingchargesinaleasing,guaranteefees,andtheirassociatedforeignexchangegainorloss.

RelatedPartyDebt

Financingcostsonrelatedpartydebtmustalsoobservethearm’slengthprincipleundertheIndonesiantransferpricingrules.

ForeignDebt

TaxpayerwithforeigndebtisobligedtosubmitareporttotheDirectorateGeneralofTax,otherwisetheassociatedfinancingcostswillnotbedeductible.

KeyfeaturesofPER25areasfollows:

Topics KeyFeatures

Non-deductiblefinancingcosts

PER25providesthatinadditionto4:1DERrequirement,non-deductiblefinancingcostsalsoincludethosepaidonrelatedpartydebtabovethearm’slengthrate(inwhichcasethefinancingcostsaredeemedasdividend)anddebtusedtogeneratenon-taxableincomeand/orincomesubjecttofinaltax.Thesearenotnewrulesastheyhavebeengovernedundertheprevailingtaxlawsandregulations.Inthecasewhereanynon-deductiblefinancingcostsarecapitalisedaspartofassetcosts,depreciationrelatedtosuchfinancingcostsisnotdeductible.

Additionalreportingrequirements

CorporatetaxpayerthatclaimsinterestdeductionisnowrequiredtoattachDERanddeductible/non-deductibleinterestcalculationstoitsannualCorporateIncomeTaxReturns(CITR).Ifthecorporatetaxpayeralsohasforeigndebt,theCITRshouldalsoincludeanattachmentreportingtheforeigndebtinformation.FailuretocomplywiththiswillresultintheCITRbeingdeemedincompletebythetaxofficeandfinancingcostsonforeigndebtwillnotbedeductible(irrespectivemeetingthe4:1DER).Thesenewreportingrequirementsareapplicablefromfiscalyear2017(e.g.forthefiscalyearending31December2017,thetaxpayerneedstoreport2017CITRanditsattachmentsby30April2018).

Page 3: TaxUpdate Dec 2017 - DER - AHSCahsc.co.id/news/pdf/TaxUpdate Dec 2017 - DER.pdf · Accounting Standard (PSAK) and non-interest bearing loan from party with special relationship (affiliates)

3

ThenewCITRreportingrequirementsunderPER25shouldbeobservedbycorporatetaxpayersthatwillclaimfinancingcostsinits2017CITR.Furthermore,thetaxpayersmaywishtoreconcilethefinancingcostsandforeigndebtsinformationdisclosedintheCITRattachmentstothosedisclosedinwithholdingtaxreturns.

*****

AH Strategic Consulting TamansariParamaBoutiqueOffice,Unit8EJl.K.H.WahidHasyimNo.84-88KebonSirih,MentengJakarta10340,IndonesiaTel/fax+622122346001/6004www.ahsc.co.id

AHStrategicConsulting

Contacts: Hermanto Suparman [email protected]:+628119156003

Ali Mardi Djohardi [email protected]:+628121023818

ThisTaxUpdatepublicationisnotintendedtoprovideacomprehensiveanalysisoftaxlawsandpracticedevelopments.Readersshouldseekindependentprofessionaltaxadvicebeforeapplyingtheinformationcontainedinthispublication.Whisteveryefforthasbeenmadetoensuretheaccuracyofthispublication,AliHermantoStrategicConsulting(“AHSC”)isnotresponsibleforanyinaccuracies,errorsoromissionsinthispublication.AHSCacceptsneitherresponsibilitynorliabilitiestoanypartiesfortheoutcomesorresultsofusingorrelyingonthispublication.


John G. Feyerer, CFA Sr. Director, Equity ETF Strategy...Dec 1964 Dec 1968 Dec 1972 Dec 1976 Dec 1980 Dec 1984 Dec 1988 Dec 1992 Dec 1996 Dec 2000 Dec 2004 Dec 2008 Dec 2012 Dec 2016

Dér Csilla Ilona KRE BTK, Budapest, 2015. május 29.ling.bibl.u-szeged.hu/pragmatika/images/kre15/Der.pdf · Bolyai-kutatás (2010‒2015): 2 DJ-csoportra fókuszálva a spontán

Tue 1 Dec Wed 2 Dec Thu 3 Dec Fri 4 Dec Sat 5 Dec Sun 6 Dec · Tue 1 Dec Wed 2 Dec Thu 3 Dec Fri 4 Dec Sat 5 Dec Sun 6 Dec 8-9 am at school . short meeting with the headmaster and

Diagrama Entidade-Relacionamento (DER) descreve ...maria/arqan/2011-1/cap6-der.pdf · Codd 1970 DATE 3FN ( aperfeiçoada ) FAGIN 4FN e 5FN surgiram em 1977. 58 Primeira Forma Normal

ACTIF DEC 2004 DEC 2003 PASSIF DEC 2004 DEC 2003

CLINICAL IMPLICATIONS OF QUANTITATIVE HEPATITIS B … van der.pdf · 2016-03-10 · CLINICAL IMPLICATIONS OF QUANTITATIVE HEPATITIS B VIRUS DNA MEASUREMENTS KLINISCHE IMPLICATIES

PT-90 Personal Labeler - BarcodesInc · Create stylish labels with frames or Deco patterns*: PT-90 3 Faceplates: DEC DEC DEC DEC DEC DEC DEC DE DEC DEC DE Holiday Decorations

WEBINAR Capital Markets Outlook: The Elusive Search for Yield › wp-content › ... · 2018-02-13 · Dec-01 Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11

Institut de Mathématiques de Toulousejbhu/Chapitre1-der.pdf · Created Date: 10/16/2009 11:35:03 AM

FOIRE DES INNOVATIONS EN EDUCATION ET FORMATION (FIEF)cosydep.org/.../2B.-FIEF-DOCUMENT-DE-CAPITALISATION-Der.pdf · 2019-03-21 · COSYDEP 2017 : capitalisation de la 1ère édition

29 Nov 30 Nov 1 Dec 2 Dec 3 Dec 4 Dec 6 Dec 7 Dec 8 Dec 9 Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Dec 17 Dec 18 Dec 19 Dec 20 Dec 21 Dec 22 Dec

June 2017 Investor Presentation - mlpassociation.org...27 31 35 55 59 63 67 71 75 79 83 87 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21

Midcap Fund...Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 May-20 Nifty Midcap 100 …

Iglesia 201 l¡der 201 l¡der.pdf · Verdades acerca de los hábitos del discipulado.. ..... 14 ¿Por qué son de tanta importancia los hábitos

13-Dec 14-Dec 15-Dec 16-Dec 17-Dec 18-Dec 19-Dec 20-Dec 21 ... · 24-Dec 25-Dec 26-Dec 27-Dec 28-Dec 29-Dec 30-Dec 31-Dec 1-Jan 2-Jan Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu General

TAXUPDATE - Davidson and Company LLP...Christine Yeung, Faranak Khademi, Bailley Halvorson, Justin Dorey, Danial Sayadi, Sophia Loro, Lisa Wu, Carly Smythies, Kristina Kwan, Tony Zhao

Reisverslag Lac du Der 2011 - knnv.nl Reisverslag Lac du Der.pdf · Wij constateerden dat veel Kraanvogels overnachten aan de noordwestzijde van Lac du der en besloten om zaterdagmiddag

POELA December 2016 · 19- Dec 20 - Dec 21- Dec 22 - Dec 23 - Dec 24 - Dec 25 - Dec 26 - Dec _ Dec 28 - Dec 29 - Dec 30 - Dec 31- Dec Orgn Hourly 140 229 222 238 232 220 232 226 200

UNIVERSIDAD DE SAN CARLOS DE GUATEMALA CENTRO … Tg(899)Der.pdf · 2018-10-15 · i universidad de san carlos de guatemala centro universitario de suroccidente carrera de licenciatura

Gadgets and Gizmos - Ed Zollars · 2009/5/29  · Gadgets and Gizmos Edward K. Zollars, CPA Ed Zollars' Tax Update May 29, 2009 The TaxUpdate podcast is intended for tax professionals

December 2018 - Microsoft · 2019-01-17 · Dec. '08 Dec. '09 Dec. '10 Dec. '11 Dec. '12 Dec. '13 Dec. '14 Dec. '15 Dec. '16 Dec. '17 Dec. '18 Alberta total residential sales Calgary

HOLIDAY PROGRAMMING COOKING WITH CBC SCHEDULE · holiday programming schedule* dec. 6 fri dec. 11 wed dec. 12 thu dec. 13 fri dec. 15 sun dec. 16 mon dec. 17 tue dec. 18 wed dec

ELECTROGASTROGRAPHY - Erasmus University Rotterdam Evert Johan van der.pdf · Electrogastrography is defined as the recording of the myoelectrical ac tivity of the smooth muscles

Governmentof Karnataka DEC 2005 Dec 2006 Dec 2007 Dec 2008 July Series1 0 119865 551613 1219884 1556349 2004 Dec 2005 Dec 2006 Dec 2007 Dec 2008 July Physical Progress State’s target

Portugal Ireland Italy Greece Spain Percent ThE EUrozonE ... · Dec-91 Dec-93 Dec-95 Dec-97 Dec-99 Dec-01 Dec-03 Dec-05 Dec-07 Dec-09 3000 0 500 1000 1500 2000 2500 Table 1.3: Eurozone

investment newsletter december 2011 - Bharti AXA Life€¦ · Dec-11 4-Dec-11 6-Dec-11 8-Dec-11 10-Dec-11 12-Dec-11 14-Dec-11 16-Dec-11 18-Dec-11 20-Dec ... Articles” group declined

TaxUpdate Nov 2017 - Louisianarevenue.louisiana.gov/Liaison/TaxUpdate Nov 2017.pdf · 2018-01-09 · What happens if a LA extension is submitted with an amount ... If filing for others

UOB Group · Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 RMB loans Other financing 50 100 150 200 250 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 SSE Index 3m SHIBOR CNY/USD 5.2 3.7 2.4

Oahu Local Market Update...Dec-20 Dec-19 Change Dec-20 Dec-19 Change Dec-20 Dec-19 Change Dec-20 Dec-19 Change Dec-20 Dec-19 Change Dec-20 Dec-19 Change Aina Haina - Kuliouou 1-3-6

Advent calendar 2016 YP FINAL optimized...30 Nov 1 Dec Dec 2 Dec 3 Dec 4 Dec 6 Dec 7 Dec 8 Dec 9 Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Dec 17 Dec 18 Dec 19 Dec 20 Dec 21

Regulati on of Microtubule Dynamics by Protein Interacti ... Babet van der.pdf · proteins that control local microtubule dynamics at the cell cortex. Chapter 1 introduces the key

SELECTION 13X18 et A4 MF-1 - lamaisondegaspard.com · SELECTION MF ET A4 DEC 01 Jpg DEC 04.jpg DEC 07 jpg DEC 02.jpg DEC 05.jpg DEC DEC 03.jpg DEC 06.jpg DEC 09jpg

PIZZA - ledoncamillo.comledoncamillo.com/images/menu 2019 der.pdf · DESSERT Tiramisu * 5,50 € Crème brûlée * 5,50 € Mousse au chocolat * 5,00 € Tarte * 5,00 € Faisselle

20 DEC · MON 21 DEC · TUE 22nd DEC · WED 23rd DEC · THU

Journalistiek en het WWW van der.pdf · 2016. 3. 10. · journalistiek waarin burgers een essentiële rol spelen, wat een herdefiniëring inhoudt voor de professionele journalistiek