Mof Regulation No. 56/PMK.03/2015 dated March 18, 2015

SECOND AMENDMENT ON MINISTER OF FINANCE REGULATION NO. 75/PMK.03/2010 CONCERNING OTHER VALUE AS BASIS FOR TAX IMPOSEMENT

Some provision under Minister of Finance Regulation No. 75/PMK.03/2010 concerning other value as basis for tax improvement as amended by Minister of Finance Regulation No. 38/PMK.011/2013, have been amended as follow:

1.    Article 2 letter k is amended and letter l is deleted, so article 2 will become as follow:

Article 2

Other value as mentioned in article 1 will become:

a.    For internal usage of taxable goods and/or services are selling price or replacement value after being deducted by gross profit;

b.    For free gift of taxable goods and/or services are selling price or replacement value after being deducted by gross profit;

c.    For transfer of voice or picture recording media are estimated average selling price;

d.    For transfer of movie is estimated average income per title;

e.    For transfer of tobacco product is retail selling price;

f.     For taxable goods in form of inventory and/or assets which are not or sale, and still remain at the time of company liquidation, are fair market value;

g.    For transfer of taxable goods from head office to branches or vice versa and/or inter branch transfer are cost of goods sold or acquisition value;

h.    For transfer of taxable goods through intermediary merchant are agreed price between the merchant and buyer;

i.     For transfer of taxable goods through auctioneer are auction price;

j.     For transfer of package delivery services are 10% from collection amount or supposed to be collection amount;

k.    For tour and/or travel agent service in term of tour package, transportation booking and accommodation booking, which transfer is not based on commission, are 10% from collection amount or supposed to be collected;

l.     Deleted;

m.  For transfer of freight forwarding where the billing include freight charges are 10% from collection amount or supposed to be collected;

2.    Article 3 letter b is amended and letter c is deleted, so article 3 will become as follow:

Article 3

VAT In related to:

a.    transfer of package delivery services as mentioned in article 2 letter j conducted by courier services entrepreneur;

b.    transfer tour and/or travel agent service in term of tour package, transportation booking and accommodation booking, which are not based on intermediary service agreement as mentioned in article 2 letter k, conducted by tour and/or travel agent entrepreneur;

c.    deleted;

d.    transfer of freight forwarding where the billing include freight charges as mentioned in article 2 letter m conducted by freight forwarding entrepreneur;

This regulation will be effective at promulgation date.