Summary of Regulation of the Minister of Finance No. 44 / PMK.03 / 2020

A. Criteria for Granting Income Tax (PPh 21) Borne by the Government

1.Company:

a. Has a Code of Business Classification (KLU) as listed in appendix A-PMK No.44 and has been reported in the Annual Tax Returns in 2018 or according to data in tax administration master file for new company
b. Has obtained KITE facilities (Ease of Import for Export), or
c. Has obtained a bonded zone organizer permit

2.Employee:

a. Has Tax ID (NPWP)
b. Has annual gross fixed income of not more than Rp. 200,000,000.

3. PPh 21 Borne by The Government must be paid when salaries are paid, including if the company provides PPh 21 benefits or bears PPh 21

4. PPh 21 Borne by the Government is not taxable income

5. PPh 21 Borne by the Government is applicable for April 2020 until September 2020 tax period.

B. Procedure for Obtaining PPh 21 Borne by The Government

1. The company submits to the Head of the Tax Office (KPP) where the company is registered
through www.pajak.go.id with the attachment of :

a. Notification letter according to appendix C-PMK No.44
b. For the company has KITE facility, must attach letter from Decree of the Minister of Finance concerning the determination of a company that receives a KITE facility
c. For the company has bonded zone organizer permit, must attach the permit letter

2. The incentive to bear PPh 21 by the Government is effective since notification letter is submitted.

3. If the letter submission does not meet the requirements, the head of the KPP will notify that
incentive is denied

C. Procedure of Reporting PPh 21 Borne by The Government

1. The company must submit a realization report of PPh 21 Borne by the Government according
to the form in appendix E-PMK No.23 to the Head of the Tax Office where the company is registered

2. Making a tax payment letter (billing code) with the stamp: PPh PASAL 21 DITANGGUNG PEMERINTAH EKS PMK NOMOR 44/PMK.03/2020

3. Realization report and tax payment slip (billing code) must be submitted not later than the 20th of the following month.

Source : Peraturan Menteri Keuangan Republik Indonesia Nomor 44/PMK.03/2020 

Ministry of Trade Regulations No.25 Year 2020

On March 16, 2020 the Ministry of Trade issued new regulations relating to submissions of companies’ annual financial statements (LKTP), replacing the previous regulation about the same subject (Kepmenperindag No. 121 Year 2002).

The new regulation emphasizes that once submitted, the financial information contained in the LKTP becomes public information. Also, submissions of private companies’ LKTP now can only be done by the companies themselves (previous regulation allows the public accounting firms to submit the LKTP on behalf of the company).

Please note that all foreign companies must submit their LKTP regardless of their total assets.

The summary of important points of this regulation is as follows:
1.  Companies fulfilling one of the following criteria must submit its LKTP to the Ministry of Trade:

A. Limited liability companies:

• Being a publicly-listed company;
• Having the business of gathering funds from the public;
• Issues debt instruments;
• Having total assets of at least Rp25.000.000.000;
• Being a debtor, whose annual financial statements are obliged by the Bank to be audited.

B. Foreign companies having domiciled and undertaking business activities in Indonesia and authorized to enter into agreements,

C. State-owned enterprises (PERSERO), public companies (PERUM) and municipal enterprises (PD).

2.  LKTP consists of balance sheet and statements of income, changes in equity and cash flows, and notes to financial  statements. LKTP should be prepared based on the accounting standards issued by the applicable accounting association and must be audited by registered public accountants or state auditors.

3.  LKTP must be submitted by the company through the Ministry of Trade’s SIPT portal at the latest 6 months after the end of the financial year. If the portal is not available, LKTP is submitted by way of email to the Direktorat Bina Usaha dan Pelaku Distribusi, Ministry of Trade.

4.  The Ministry of Trade, through the Directorate the Directorate General will issue a receipt (called STP-LKTP) within 7 days;

5.  Once submitted, the financial information contained in the LKTP becomes public information, and can be accessible by writing to the Directorate General of the Ministry of Trade.

6.  STP-LKTP can be attached as a supporting document for the Public Accounting Firm in submitting a report on business activities to the minister who carries out government affairs in the financial sector.

7.  Incompliance to this regulation is subject to administrative sanctions in the form of written warnings, suspension or revocation of operational license.

Nomor: SP-09/2020

Jakarta, March 15, 2020

In line with government efforts to prevent the spread of the Corona virus (COVID-19), effective from March 16 to April 5, 2020, the Tax Office’s Integrated Service Centers temporarily stop all taxation services in all Indonesia.

Taxpayers can still submit annual and periodic filings of tax returns (SPT) through the electronic or online reporting (e-filing/e-form) through www.pajak go.id or by registered mail.

To provide convenience and certainty to individual taxpayers, deadlines of tax payments and submissions of annual individual tax returns for the 2019 tax year are extended until 30 April 2020 and will not be subject to late sanctions.

Also, deadline of submissions of the monthly income tax returns for the month of February 2020, are extended until April 30, 2020 and will not be subject of any late sanctions. However, tax payment deadlines of February 2020 income taxes remain unchanged in accordance with applicable regulations.

Source : SP – 09/2020

Menindaklanjuti ketentuan PP Nomor 45 Tahun 2015 tentang Penyelenggaraan Program Jaminan Pensiun, dapat disampaikan hal-hal sebagai berikut :BPJS Ketenagakerjaan setiap tahun menyesuaikan besaran Upah tertinggi dengan menggunakan faktor pengali sebesar 1 (satu) ditambah tingkat pertumbuhan tahunan produk domestic bruto tahun sebelumnya (Pasal 29 ayat (3))

BPJS Ketenagakerjaan menetapkan dan mengumumkan penyesuaian batas upah tersebut paling lama 1 (satu) bulan setelah lembaga yang menyelenggarakan urusan pemerintahan di bidang statistik mengumumkan data produk domestik bruto (Pasal 29 ayat (4))

Sadan Pusat Statistik (BPS) telah mengumumkan pertumbuhan Produk Domestik Bruto (PDB) Indonesia Tahun 2019 sebesar 5,02% (Serita Resmi Statistik BPS No. 17/02/Th.XXIV tanggal 05 Februari Tahun 2020).

1. BPJS Ketenagakerjaan setiap tahun menyesuaikan besaran Upah tertinggi dengan menggunakan faktor pengali sebesar 1 (satu) ditambah tingkat pertumbuhan tahunan produk domestic bruto tahun sebelumnya (Pasal 29 ayat (3))

2. BPJS Ketenagakerjaan menetapkan dan mengumumkan penyesuaian batas upah tersebut paling lama 1 (satu) bulan setelah lembaga yang menyelenggarakan urusan pemerintahan di bidang statistik mengumumkan data produk domestik bruto (Pasal 29 ayat (4))

3. Badan Pusat Statistik (BPS) telah mengumumkan pertumbuhan Produk Domestik Bruto (PDB) Indonesia Tahun 2019 sebesar 5,02% (Serita Resmi Statistik BPS No. 17/02/Th.XXIV tanggal 05 Februari Tahun 2020).

4. Berikut adalah hasil perhitungan batas paling tinggi Upah sebagai dasar perhitungan luran JP mulai bulan Maret 2020 :

= Batas Upah Tertinggi Tahun 2019 x {1 + Tingkat Pertumbuhan Penduduk Domestik Bruto Tahun 2019}

= 8.512.400 x {1 + 5.02/100}

= 8.939.722

Dibulatkan menjadi 8.939.700

5. Bagi Perusahaan yang telah melakukan rekonsiliasi/ siap rekon untuk Bulan Maret 2020 dan belum menyesuaikan ketentuan batasan Upah Jaminan Pensiun tahun 2020 agar melakukan penyesuaian

Sumber : Surat Pemberitahuan BPJS Ketenagakerjaan No : 8/5992/022020