COPY REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 17/PMK.03/2013 CONCERNING AUDIT PROCEDURES BY THE GRACE OF GOD ALMIGHTY

Size: px
Start display at page:

Download "COPY REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 17/PMK.03/2013 CONCERNING AUDIT PROCEDURES BY THE GRACE OF GOD ALMIGHTY"

Transcription

1 COPY REGULATION OF THE MINISTER OF FINANCE Considering : a. NUMBER 17/PMK.03/2013 CONCERNING AUDIT PROCEDURES BY THE GRACE OF GOD ALMIGHTY MINISTER OF FINANCE, whereas the provision regarding the audit procedures has been set out in the Regulation of the Minister of Finance Number 199/PMK.03/2007 concerning Tax Audit Procedures as it has been amended lastly with Regulation of the Minister of Finance Number 82/PMK.03/2011; b. whereas the provision regarding audit on the Taxpayer who apply for tax overpayment refund request and continued with the preliminary evidence audit of criminal act in the field of taxation is has been set out in the Regulation of the Minister of Finance Number 191/PMK.03/2007 concerning the Issuance of Tax Assessment Letter On Tax Overpayment Refund Request Against The Taxpayer which is Being Audited On the Preliminary Evidence of Criminal Act in Taxation; c. whereas the provision, as referred to in letter a, is also related to the provision regarding the sealing procedure in order of tax audit which is currently regulated in the Regulation of the Minister of Finance Number 198/PMK.03/2007 concerning Sealing Procedures In Order of Audit in Taxation; d. whereas by the issuance of Governmental Regulation Number 74 Year 2011 concerning Procedures for Rights Implementation and Obligations Compliance of Taxes, it is necessary to adjust on the provisions regarding tax audit procedures, disclosure procedures for the untruth filling of the Tax Return Statement, procedures for the issuance of tax assessment letter on tax overpayment refund request against the Taxpayer which is being audited on the initial evidence of criminal act in taxation; e. whereas based on the considerations, as referred to in letter a, letter b, letter c, and letter d, as well as to implement the provisions of Article 17B clause (1a), Article 30 clause (2), and Article 31 clause (1) of Law Number 6 Year 1983 concerning General Tax Provisions and Procedures as several times amended lastly with Law Number 16 Year 2009 and as well as Article 8,

2 - 2 - In the view of To enact clause (8) of Governmental Regulation Number 74 Year 2011 concerning Procedures for Rights Implementation and Obligations Compliance of Taxes, it is necessary to stipulate the Regulation of the Minister of Finance concerning Audit Procedures; : 1. Law Number 6 Year 1983 concerning General Tax Provisions and Procedures (State Gazette of the Republic of Indonesia Year 1983 Number 49, Supplement to the State Gazette of the Republic of Indonesia Number 3262) as it has several times amended lastly with Law Number 16 Year 2009 (State Gazette of the Republic Indonesia of 2009 Number 62, Supplement to the State Gazette of the Republic of Indonesia Number 4999); 2. Governmental Regulation Number 74 Year 2011 concerning Procedures for Rights Implementation and Obligations Compliance of Taxes (State Gazette of the Republic of Indonesia Year 2011 Number 162, Supplement to the State Gazette of the Republic of Indonesia Number 5268); BE IT HEREBY RESOLVED: : REGULATION OF THE MINISTER OF FINANCE CONCERNING AUDIT PROCEDURES. CHAPTER I GENERAL PROVISIONS Article 1 In this Ministerial Regulation, some terms shall be defined as follow: 1. Law on General Tax Provisions and Procedures hereinafter referred to as the KUP LAW is Law Number 6 Year 1983 concerning General Tax Provisions and Procedures as several times amended lastly by Law Number 16 Year Audit is a series of activities to collect and process data, information, and/ or evidence that objectively and professionally carried out based on an audit standard to test the compliance fulfillment of tax obligations and/ or for other purposes in order to implement the provisions of the law and regulation of taxation. 3. Field Audit is an audit conducted in the residence or domicile of the Taxpayer, in the Taxpayer business location or selfemployment, and/ or in other places that are considered necessary by the Tax Auditor. 4. Office Audit is an Audit which is conducted at the office of the Directorate General of Taxation. 5. Verification is a series of activities of the fulfillment examination of the subjective and objective obligation or the tax calculation and payment, upon a request by the Taxpayer or based on the tax

3 - 3 - data and information which held or obtained by the Director General of Taxes, in order to issue a tax assessment letter, publish/ delete a Taxpayer Identification Number and/ or solidified/ revoke the Taxable Enterprise Confirmation. 6. Tax Auditor shall be the Civil Servant in the Directorate General of Tax or the expert who is appointed by the Director General of Tax, which was given the task, authority, and responsibility to carry out the Audit. 7. Tax Audit Identification is an ID issued by the Director General of Tax which is a proof that the person named on the ID card is a Tax Auditor. 8. Tax Audit Warrant, hereinafter referred to as the SP2, shall be an order letter to conduct an Audit in order to examine the fulfillment compliance of tax obligations and/ or for other purposes in order to implement the provisions of the tax legislation. 9. Field Audit Notification Letter is a notice regarding the Field Audit implementation in order to examine the fulfillment compliance of tax obligations and/ or for other purposes in order to implement the provisions of the tax legislation. 10. Summons Letter In Terms of Office Audit is the summons regarding the Office Audit implementation in order to examine the fulfillment compliance of tax obligations and/ or for other purposes in order to implement the provisions of the tax legislation. 11. Bookkeeping is a recording process which is carried out regularly to collect data and financial information which is including assets, liabilities, capital, income and expenses as well as the amount of cost and delivery of goods or services, which closed by the preparation of financial statements in the form of balance sheet and income statement for the Fiscal Year period. 12. Data that is electronically managed means the data in electronic form, which is generated by a computer and/ or other electronic data processing and stored on disks, compact disks, tape backup, hard disk, or other electronic storage media. 13. Book, Notes, and Documents Depository are a place held by a Taxpayer, an archive or a document storage company and/ or held by other parties. 14. Sealing is an act of placing a seal on a particular place or room as well as moving assets and/ or fixed assets that is used or reasonably suspected of being used as a place or a tool to keep books or records, documents, including electronically managed data and other objects.

4 Audit Working Paper, hereinafter abbreviated as KKP, means the clear and detailed notes made by the Tax Auditor regarding Audit procedures, which are taken the data, information, and/ or evidence gathered, examination performed and conclusions drawn with respect to the Audit implementation. 16. Notification of Tax Audit Findings, hereinafter abbreviated as the SPHP, means letter that contains findings of the Audit includes items that are corrected, the correction value, basic corrections, temporary calculation of the tax due principal amount and temporary calculation of administrative sanctions. 17. Audit Result Final Discussion is the discussion between the Taxpayer and the Tax Auditor on Audit findings whose result is stated in the acknowledgement of the Audit result final discussions, signed by both parties and contains basic correction of either approved or not approved principal of tax payable, and the calculation of administrative sanctions. 18. Audit Quality Assurance Team means the team established by the Director General of Tax in order to discuss the Audit result, which has not been agreed between the Tax Auditor and the Taxpayer in the Audit Result Final Discussion in order to produce a qualified Audit. 19. Audit Report, hereinafter abbreviated as the LHP, is a report that contains the implementation and results of the Audit organized by the Tax Auditor in succinctly and clearly and in accordance with the scope and purpose of Audit. 20. Short Audit Report, hereinafter referred to as the Short LHP, is a report regarding the Audit termination without proposed the issuance of tax assessment. 21. Preliminary Evidence Audit is an Audit that is conducted to obtain preliminary evidence of the alleged crime had occurred in the field of taxation. 22. Re-Audit is the Audit conducted on Taxpayer who has been issued the tax assessment letter from the results of previous Audit for the type of tax and tax period, part of the fiscal year, or the same fiscal year. 23. Audit Questionnaire is a form that contains a number of questions and assessment by the Taxpayer related to the Audit implementation. CHAPTER II AUDIT PURPOSES Article 2

5 - 5 - Director General of Tax shall be authorized to conduct an Audit in order to examine the fulfillment compliance of tax obligation and/ or for other purposes in order to implement the provisions of the tax legislation. CHAPTER III AUDIT FOR EXAMINING THE FULFILLMENT COMPLIANCE OF TAX OBLIGATION Part One Scope, Criteria, and Type of Audit Article 3 The scope of the Audit to examine the fulfillment compliance of tax obligations may include one, some, or all type of taxes, for either one or more Tax Period, part of the Fiscal Year, or the Fiscal Year in previous years or the current year. Article 4 (1) Audit to examine the fulfillment compliance of tax obligation should be conducted to the Taxpayer who applies for tax overpayment refund request as referred to in Article 17B of Law of KUP. (2) Audit to examine the fulfillment compliance of tax obligations could be done in terms of fulfilling the following criteria: a. Taxpayer submits the Tax Return that states the overpayment, in addition to apply for a tax overpayment refund as referred to in clause (1); b. Taxpayer who has been given a preliminary tax overpayment refund; c. Taxpayer who submits the Tax Return that states losses; d. Taxpayer performs a merger, consolidation, division, liquidation, dissolution, or will leave Indonesia for ever; e. Taxpayer perform a changing of accounting book or bookkeeping method or due to a revaluation on fixed assets; f. Taxpayer does not deliver or delivered the Tax Return but beyond the time limit as set out in the warning letter which is selected to conduct an Audit based on risk analysis, or g. Taxpayer who submits the Tax Return that is selected to conduct an Audit based on risk analysis. Article 5

6 - 6 - (1) Audit to examine the fulfillment compliance of tax obligations, as referred to in Article 4, shall be performed with Field Audit or Office Audit Types. (2) On the Audit, as referred to in Article 4 clause (1), shall be conducted with the Office Audit, in the case of the overpayment refund request is applied by the Taxpayer who meets the following requirements: a. Taxpayer s financial statement for the audited Fiscal Year is audited by a public accountant or the financial statement of one of the last two (2) Fiscal Years before the audited Fiscal Year is has been audited by a public accountant, with an unqualified opinion, and b. Taxpayer is not being perform an Preliminary Evidence Audit, investigation, or prosecution of tax criminal act, and/ or the Taxpayer within 5 (five) years has never been convicted due to a criminal act in the field of taxation. (3) On the Audit with the criteria, as referred to in Article 4 clause (2) letter a, letter b, letter c, letter d, and letter e, the determination of type of the Audit shall be set out by the Director General of Tax. (4) On the Audit with the criteria, as referred to in Article 4 clause (2) letter f and letter g, shall be performed with the type of Field Audit. (5) In terms of the Office Audit is found the indication of transaction related to transfer pricing and/ or other specific transactions that indicate the existence of a modified financial transaction, the implementation of Office Audit shall be changed into the Field Audit. Part Two Audit Standard Article 6 (1) Audit to examine the fulfillment compliance of tax obligations should be performed in accordance with the Audit standard. (2) The Audit standard, as referred to in clause (1), shall be applied as a measure of the Audit quality that constitutes the minimum compliance that should be achieved in implementing the Audit. (3) The Audit standard, as referred to in clause (1), should include the Audit general standard, Audit implementation standard, and Audit results and reporting standard. Article 7

7 - 7 - (1) Audit general standard constitutes personal nature standard and associated with the Tax Auditor requirements. (2) The Audit shall be carried out by Tax Auditor who has fulfilled these following requirements: a. have gained technical education and training as well as having adequate skills as a Tax Auditor; b. using their skills in carefully and closely; c. honest and clean of despicable acts and always prioritizing the interests of the state, and d. obey to various provisions of the legislation in the field of taxation. (3) In the event that it is necessary, the Audit as referred to in clause (2), could be carried out by the expert from outside the Directorate General of Tax who is appointed by the Director General of Tax. Article 8 The Audit Implementation to examine the fulfillment compliance of tax obligations should be performed in accordance with the Audit implementation standard, namely: a. Audit implementation should be preceded with good preparation in accordance with the Audit purposes, which at least includes collecting and studying data of the Taxpayer, making the Audit plan (audit plan), and making the Audit program (audit program), as well as receive a careful supervision; b. Audit is carried out by conducting an examination based on the methods and techniques in accordance with the Audit program (audit program) that had been developed; c, Audit findings should be based on sufficient competent evidence and under the provisions of the tax legislation; d. Audit shall be carried out by a Tax Auditor team that consists of a supervisor, a team leader, and one or more team members, and in a certain circumstances the team leader can also serve as a member; e. Tax Auditor team, as referred to in letter d could be assisted by one or more person who have a particular expertise, both come from the Directorate General of Tax, as well as those coming from institutions outside the Directorate General of Taxation who has been appointed by the Director General of Tax, as the experts such as translator, expert in information technology, and lawyer; f. if necessary, Audit to examine the fulfillment compliance of tax

8 - 8 - obligations could be carried out together with an Auditor team from other agencies; g. The Audit could be carried out at the office of the Directorate General of Taxation, residence or domicile of the Taxpayer, place of business or self-exployment of the Taxpayer, and/ or any other place that is deemed necessary by the Tax Auditor; h. The Audit shall be carried out at working hours and if necessary it could be continued beyond the working hours, and i. The Audit implementation shall be documented in the form of KKP. Article 9 The Audit activities to examine the fulfillment compliance of tax obligations should be documented in the form of KKP, as referred to in Article 8 letter i, in regard with the following matters: a. KKP shall be prepared by the Tax Auditor and functions as: 1) evidence that the Audit has been carried out in accordance with the Audit implementation standard; 2) substance in performing Audit Result Final Discussion with the Taxpayer regarding the Audit findings; 3) as a Basis in the making of LHP; 4) sources of data or information for the resolution of the objection or appeal which is applied by the Taxpayer, and 5) as a reference for subsequent Audit. b. KKP should provide an overview of: 1) Audit procedures that are carried out; 2) data, information, and/ or evidence obtained; 3) examination that has been conducted, and 4) conclusion and other matters that are deemed necessary in relation with the Audit. Article 10 The Audit activities to examine the fulfillment compliance of tax obligations should be reported in the form of LHP that is prepared in accordance with the Audit result reporting standard, namely: a. LHP is drafted in succinctly and clearly, containing the scope or items that are examined according to the Audit purposes, contains the Tax Auditor conclusions supported by strong

9 - 9 - findings regarding the existence or absence of deviation against taxation legislation, and contains disclosure of other information associated with the Audit. b. LHP to examine the fulfillment compliance of tax obligations at least contain: 1) assignment of the Audit; 2) Taxpayer identity; 3) Taxpayer bookkeeping or recording; 4) fulfillment of tax obligations; 5) available data/ information; 6) borrowed books and documents; 7) examined material; 8) description of the Audit results; 9) overview of the Audit results; 10) calculation of tax payable, and 11) Tax Auditor conclusion and proposal. Part Three Tax Auditor Obligation and Authorization Article 11 In conducting the Audit to examine the fulfillment compliance of tax obligations, the Tax Auditor shall be obliged to: a. submit the Field Audit Notification Letter to the Taxpayer in terms of the Audit is conducted by Field Audit type or a Summons Letter in terms of the Audit is conducted by Office Audit type; b. show Tax Auditor Identification and SP2 to the Taxpayer when performing an Audit; c. show a letter that contains Tax Auditor team changing to the Taxpayers if the membership composition of the Tax Auditor team is changed; d. perform the meeting with the Taxpayer in order to provide explanation regarding: 1) reason and purposes of the Audit; 2) Taxpayer rights and obligations during and after the implementation of the Audit;

10 - 10-3) Taxpayer rights to apply for discussion with the Audit Quality Assurance Team in the event that there are any Audit results that have not been agreed between the Taxpayer and the Tax Auditor during the Audit Results Final Discussion, and 4) Taxpayer obligation to fulfill the demand of books, records, and/ or documents which became the basis of accounting or bookkeeping, and other documents, which borrowed from the Taxpayer; e. write down the results of the meeting, as referred to in letter d, in the acknowledgement of the meeting with the Taxpayer; f. submit SPHP to the Taxpayer; g. give the right to the Taxpayers to be present the Audit Results Final Discussion at predetermined time; h. submit an Audit Questionnaire to the Taxpayer; i. guide the Taxpayer in fulfilling their tax obligation in accordance with the provisions of the tax legislation by submitting advice in writing; j. return books, notes, and/ or documents that is utilized as a basis of accounting or records, and other documents that borrowed from the Taxpayer, and k. conceal to other party who are not entitled to everything known or disclosed to them by the Taxpayer for the Audit. Article 12 (1) In conducting the Audit to examine the fulfillment compliance of tax obligations by Field Audits, the Tax Auditor shall be authorized to: a. view and/ or borrow books, records, and/ or documents that became the basis of accounting or bookkeeping, and other documents relating with the earned income, business activities, self-employed Taxpayer, or the tax payable object; b. access and/ or download the data that managed electronically; c. enter and inspect place or space, tangible and / or intangible assets which is suspected or reasonably suspected to be used for storing books, records, and/ or documents that became the basis of accounting or bookkeeping, and other documents, money and/ or goods thatc could give clues regarding the obtained income, business activities, self-employment Taxpayer, or the tax payable object;

11 d. demand the Taxpayers to provide assistance for the smoothness of the Audit, such as in the form of: 1) provide manpower and/ or equipment at the expense of the Taxpayer if in accessing the data that maintained electronically is require an equipment and/ or special expertise; 2) provide assistance to the Tax Auditor in opening the tangible good and/ or intangible good, and/ or 3) provide a special room in which the Field Audit is performed in terms of the Audit is conducted on the Taxpayer place; e. conduct the Sealing of place or a particular space as well as tangible good and / or intagible good; f. request an oral and/ or written information from the Taxpayer; and g. request information and/ or evidence needed from the third parties who have relationship with the audited Taxpayer through the head of the unit of Audit executor. (2) In conducting the Audit to examine the fulfillment compliance of tax obligations by Office Audit, the Tax Auditor is authorized to: a. summon the Taxpayer to come to the office of the Directorate General of Tax using a Summon For foffice Audit; b. view and/ or borrow books, records, and / or documents which became the basis of accounting or bookkeeping, and other documents relating with the obtained income, business activities, self-employed Taxpayer, or the tax payable object; c. demand the Taxpayer to provide assistance for the smoothness od Audit; d. request an oral and/ or written information from the Taxpayer; e. borrow the KKP that is made by public accountants through the Taxpayers, and f. request information and/ or evidence needed from the third party who have relationship with the audited Taxpayer through the head of the unit of Audit executor. Part Four Rights and Obligations of The Taxpayer Article 13 In implementing the Audit to examine the fulfillment compliance of tax obligations, the Taxpayer shall be entitled to:

12 a. ask the Tax Auditor to show the Tax Auditor Identification and the SP2; b. ask the Tax Auditor to give a Notification Letter of Field Audit in terms of the Audit is conducted in Field Audit type; c. ask the Tax Auditor to show a letter that contains Tax Auditor team changing if the membership composition of the Tax Auditor team is changing; d. ask the Tax Auditor to provide an explanation of the reasons and purposes of the Audit; e. receive the SPHP; f. attend at the Audit Results Final Discussion at predetermined time; g. apply for discussion with the Audit Quality Assurance Team, in the event that there are any Audit results, which have not been agreed between the Taxpayer and the Tax Auditor during the Audit Results Final Discussion, and h. give an opinion or an assessment of the Audit implementation by the Tax Auditor by filling the Audit Questionnaire. Article 14 (1) In the Audit implementation to examine the fulfillment compliance of tax obligations by Field Audit types, the Taxpayer shall be obliged to: a. show and/ or lend books, records, and / or documents which became the basis of accounting or bookkeeping, and other documents relating with the earned income, business activities, self-employed Taxpayer, or the tax payable object; b. provide a chance to access and/ or download data that managed electronically; c. provide a chance to enter and inspect place or space, tangible and/ or intangible good that is allegedly or reasonably allegedly utilized for storing books, records, and/ or documents which became the basis of accounting or bookkeeping, and other documents, money and/ or goods that could give clues regarding the earned income, business activities, self-employed Taxpayer, or the tax payable object and lend it to the Tax Auditor; d. provide assistance for the smoothness of Audit, which could include: 1) provide manpower and/ or equipment at the expense of the

13 Taxpayer if in accessing the data that managed electronically is required an equipment and/ or special expertise; 2) provide assistance to the Tax Auditor in opening the tangible good and/ or intangible good; and/ or 3) provide special room in which the Field Audit performed in terms of the Audit is conducted at the Taxpayer s place; e. submit written response upon SPHP; and f. provide the required oral and/ or written information. (2) In the Audit implementation to examine the fulfillment compliance of tax obligation with the Office Audit type, the taxpayer shall be obliged to: a. fulfill the summon to come attending the Audit in accordance with predetermined time; b. show and/ or lend books, records, and/ or documents that became the basis of accounting or bookkeeping, and other documents associated with the obtained income, business activities, self-employed Taxpayer, or the tax payable object; c. provide assistance for the smoothness of Audit; d. submit written response upon the SPHP; e. lend the KKP that is made by public accountants, and f. provide the required oral and/ or written information. Part Five Audit Period Article 15 (1) Audit to examine the fulfillment compliance of tax obligation shall be conducted within the Audit period that includes: a. examination period, and b. Audit Results Final Discussion and reporting period. (2) In the event that the conducted Audit is Field Audit, the examination period, as referred to in clause (1) letter a, shall be at no longer than 6 (six) months, commencing from the Field Audit Notification Letter delivered to the Taxpayer, their representative, authority, employee, or an adult family members from the Taxpayer, until the date when the SPHP delivered to the Taxpayer, their representatives, proxy, employee, or adult family member of the Taxpayer.

14 (3) In the event that the conducted Audit is Office Audit, the examination period, as referred to in clause (1) letter a, shall be no longer than 4 (four) months from the date the Taxpayer, its representative, proxy, employee, or adult family member of the Taxpayer came to fulfill the Summon for the Office Audit until the date at which the SPHP submitted to the Taxpayer, its representative, proxy, employee, or adult family member of the Taxpayer. (4) Audit Result Final Discussion and reporting period, as referred to in clause (1) letter b, shall be no longer than 2 (two) months, commencing from the date at which the SPHP delivered to the Taxpayer, its representative, proxy, employee, or adult family member of the Taxpayer until the date of LHP. Article 16 (1) Field Audit examination period, as referred to in Article 15 clause (2), could be extended for maximum period of 2 (two) months. (2) Extension of Field Audit examination period, as referred to in clause (1), shall be conducted in terms of: a. Field Audit is extended to the other Tax Period, part of the Fiscal Year, or other Fiscal Year; b. there is confirmation or requests of data and/ or information to any third party; c. Field Audit s scope covers all types of taxes; and/ or d. based on consideration of Head of Audit executor unit. (3) Field Audit examination period, as referred to in Article 15 clause (2), which in cooperation with: a. Taxpayer of Oil and Gas Contract Contactor; b. Taxpayer in a business group, or c. Taxpayer who is indicated comitting a transfer pricing transactions and/ or other specific transactions which indicate the existence of financial transaction manipulation, could be extended for maximum period of 6 (six) months and could be done for no longer than 3 (three) times in accordance with the time needed to conduct the examination. Article 17

15 (1) Office Audit examination period, as referred to in Article 15 clause (3), could be extended for a maximum period of 2 (two) months. (2) Extension of the Office Audit examination period as referred to in clause (1) shall be conducted in terms of: a. Office Audit is Extended to other Tax Period, Part of Fiscal Year, or other Fiscal Year; b. there is confirmation or requests of data and/ or information to third party; c. Office Audi s scope covers all types of taxes; and/ or d. based on consideration of head of Audit executor unit. Article 18 In terms of the extension of Field Audit, as referred to in Article 16, or Office Audit, as referred to in Article 17, head of Audit executor unit should give the written notification of examination period of extension to the Taxpayer. Article 19 (1) If the extension of the Field Audit examination period, as referred to in Article 16 clause (1) or clause (3), or the extension of the Office Audit examination period, as referred to in Article 17 clause (1), has been expired, the SPHP should be delivered to the Taxpayer. (2) In terms of the Audit is carried out due to the Taxpayer applies for tax overpayment refund request, the period, as referred to in Article 15, Article 16, and Article 17, should regard to the tax overpayment refund request settlement period as referred to in Article 17B of Law of KUP. Part Six Audit Completion Article 20 Field Audit or Office Audit to examine the fulfillment compliance of tax obligations shall be completed with the manners as follow: a. terminating the Audit by making the Summary of LHP, or b. making LHP, as a basis for the issuance of tax assessments letter and/ or Tax Collection Letter in accordance with the provisions of the legislation of taxation. Article 21 Completion of Audit by making the Summary of LHP, as referred to in

16 Article 20 letter a, shall be conducted in terms of: a. Taxpayer, its representative, proxy, employee, or adult family member of the Audited Taxpayer: 1) is not found within the period of 6 (six) months from the date of Field Audit Notification Letter is issued; or 2) does not fulfill the Audit summon within the period of 4 (four) months from the date of Summons is issued for Office Audit. b. Field Audit or Office Audit, which is postponed due it is followed up with the Preliminary evidence Audit publicly and the Preliminary evidence Audit publicly: 1) shall not be continued with the investigation because the Taxpayer disclose the untruth of its actions, as referred to in Article 8 clause (3), of the Law of KUP; 2) shall not be continued with the investigation but settled by issuing the Tax Underpayment Letter, as referred to in Article 13A of the Law of KUP; or 3) shall be continued with the investigation, but its investigation is stopped due to no prosecution made as referred to in Article 44B of the Law of KUP. c. Field Audit or Office Audit that is postponed due to it is followed up with investigation as the follow up of the Preliminary evidence Audit in enclosed manner and its investigation is stopped because it meets the provision as referred to in Article 44B of the Law of KUP. d. Re-Audit did not result any addition on the tax amount that has been set in the previous tax assessments letter. e. There are a certain circumstances based on consideration of the Director General of Tax. Article 22 (1) Completion of Audit by making LHP, as referred to in Article 20 letter b, shall be conducted in terms of: a. Taxpayer, its representative, proxy, employee, or adult family member of the audited Taxpayer in connection with the Tax Overpayment Refund Request as referred to in Article 17B of the Law of KUP: 1) is not found within the period of 6 (six) months from the date of the Field Audit Notification Letter is issued; or 2) does not fulfill the Audit summon within the period of 4 (four) months from the date of Summons Letter is issued for

17 Office Audit b. Taxpayer, its representative, proxy, employee, or adult family member from the audited Taxpayer is found or fulfilled the Audit summons, and the Audit can be completed within a period of Audit. c. Taxpayer, its representative, proxy, employee, or adult family member from the audited Taxpayer is found or fulfilled the Audit summon, and the examination of fulfillment compliance of tax obligations cannot be completed until: 1) end of the Field Audit examination period extension as referred to in Article 16 clause (1) or clause (3); or 2) end of the Office Audit examination period extension as referred to in Article 17 clause (1). d. Is Field Audit or Office Audit that a suspended due to it is followed up with the Preliminary evidence Audit publicly and the Preliminary evidence Audit publicly: 1) shall be stopped because the individual Taxpayer who are under Preliminary evidence Audit publicly is passed away; 2) shall be stopped because there is not any preliminary evidence of criminal offenses in the field of taxation; 3) shall be continued with the investigation, but its investigation is stopped because has been fulfilled the provisions as referred to in Article 44A of the Law of KUP; or 4) shall be continued with the investigation and the prosecution as well as there has been a Court Verdict concerning criminal offences in the field of taxation that already have permanent legal force, and a copy of the Court Verdict has been accepted by the Director General of Tax. e. Field Audit or Office Audit that is postponed due to it is followed with investigation as the follow up of Preliminary evidence Audit in enclosed and such investigation: 1) shall be stopped because of the fulfilling the provisions as referred to in Article 44A of Law of KUP; or 2) shall be continued with the prosecution and there have been Court Verdict concerning criminal offences in the field of taxation that already have permanent legal force, and a copy of the Court Verdict has been accepted by the Director General of Tax. (2) Field Audit or Office Audit whose examination has not been completed, as referred to in clause (1) letter c, should be

18 completed by submitting the SPHP within no longer than the period of seven (7) working days since the end of: a. Field Audit examination period extension as referred to in Article 16 clause (1) or clause (3); or b. Office Audit examination period extension as referred to in Article 17 clause (1), and continue the Audit until the making of LHP. Article 23 (1) Audit was stopped by making the Summary of LHP because the Taxpayer cannot be found or does not fulfill the Audit summon, as referred to in Article 21 letter a, re-audit could be conducted in the future if the Taxpayer is found. (2) Tax payable upon the Audit against the Taxpayer who is not found or does not fulfill the Audit summon, as referred to in Article 22 clause (1) letter a, shall be defined in ex officio. Part Seven SP2 and The Letter That Contains Tax Auditor Team Changes Article 24 (1) Audit to examine the fulfillment compliance of tax obligations shall be conducted by Tax Auditor who joined in a Tax Auditor Team based on the SP2. (2) SP2, as referred to in clause (1), shall be issued for one or more Tax period in part of Fiscal Year or in the same Fiscal Year or for one part of the Fiscal Year or Fiscal Year on one Taxpayer. (3) In terms of the Tax Auditor team composition is changed, the head of Audit executor unit should issue a letter containing the Tax Auditor team changes. (4) In terms of Tax Auditor team is assisted by the expert, as referred to in Article 8 clause e, such expert assigned based on the assignment letter issued by the Director General of Tax. Part Eight Audit Notification and Summon, and Meeting with The Taxpayer Article 25 (1) In terms of the conducted Audit to examine the fulfillment compliance of tax obligations is Field Audit, the Tax Auditor shall be Obliged to notify the Taxpayer regarding the Field Audit that will be conducted by submitting the Field Audit Notification Letter.

19 (2) In terms of the conducted Audit to examine the fulfillment compliance of tax obligation is Office Audit, the Tax Auditor shall be Obliged to notify the Taxpayer regarding the Office Audit which will be performed by submitting the Summons for Office Audit. (3) Field Audit Notification, as referred to in clause (1), or the Summons for Office Audit, as referred to in clause (2), shall be issued for the Tax Period, part of the Fiscal Year, or the Fiscal Year as mentioned in SP2. Article 26 (1) Field Audit Notification, as referred to in Article 25 clause (1), could be submitted directly to the Taxpayer at the time of commencement of Field Audit or delivered by fax, registered mail or other registered courier service. (2) In terms of the Field Audit Notification is submitted directly, as referred to in clause (1), and the Taxpayer is not in place, the Field Audit Notification could be submitted to: a. representative or the taxpayer s proxy, or b. party that could represent the Taxpayer, namely: 1) employee of the Taxpayer that according to the Tax Auditor is deemed could represent the Taxpayer, in terms of the Audit is conducted againts corporate Taxpayer; 2) Adult family member of the Taxpayer that according to the Tax Auditor could represent the Taxpayer, in terms of the Audit is conducted against individual Taxpayer; or 3) party other than referred to in number 1) and 2), who could represent the Taxpayer. (3) In terms of the representative or taxpayer s proxy or the party who could represent the Taxpayer, as referred to in clause (2), could not be found, Field Audit Notification shall be delivered with registered mail or other registerd courier services and the Field Audit Notification is deemed to have been delivered and the Field Audits has been commenced. (4) Summon for Office Audit, as referred to in Article 25 clause (2), shall be submitted by fax, registered postal service or other registered courier service. Article 27 (1) In implementing the Audit to examine the fulfillment compliance of tax obligation, the Tax Auditor shall be obliged to held the meeting with the Taxpayer in accordance with the provisions as

20 referred to in Article 11 letter c. (2) Meeting, as referred to in clause (1), could also be held with the representative or the Taxpayer s proxy. (3) In terms of the Audit conducted by Field Audits, the meeting as referred to in clause (1) or clause (2) is conducted after the Tax Auditor submitting the Field Audit Notification. (4) In terms of the conducted Audit the Office Audit, the meeting as referred to in clause (1) or clause (2) shall be held when the Taxpayer, its representative, or the Taxpayer s proxy come to fulfill the Summon for Office Audit. (5) After performing the meeting, as referred to in clause (1) or clause (2), the Tax Auditor shall be obliged to make the minute of meeting result, which is signed by the Tax Auditor and the Taxpayer, its representative, or the taxpayer s proxy. (6) In terms of the Taxpayer, its representative, or the taxpayer s proxy refuses to sign the minute of meeting, as referred to in clause (5), the Tax Auditor makes the note regarding such refusal in the minute of meeting results. (7) In terms of the Tax Auditor has signed the minute of meeting and made the note regarding the refusal of the signing of minute, as referred to in clause (5), the meeting as referred to in clause (1) or clause (2) shall be considered to have been held. Part Nine Borrowing Document Article 28 (1) In terms of the conducted Audit to examine the fulfillment compliance of tax obligations is Field Audit, these following provisions shall be applied: a. books, records, and/ or documents, including electronically managed data and other information that are required and obtained/ found at which the Audit implementation take place at the Taxpayer s place, is borrowed at the moment and the Tax Auditor makes receipt of the borrowing and the returning of books, records, and documents. b. in the terms of the books, records, and/ or documents, including electronically managed data and other necessary information has not been found or given by the Taxpayer at the time of Audit implementation, as referred to in letter a, the Tax Auditor makes request for borrowing books, records, and documents that are attached to the list of books, records,

21 and/ or documents that shall be obliged to be borrowed. c. in terms to access and/ or to download the electronically managed data is need equipment and/ or special expertise, the Tax Auditor could ask for assistance to: 1) Taxpayer to provide manpower and/ or equipment at the expense of the taxpayer;or 2) one or more persons who have a particular expertise, both derived from the Directorate General of Tax as well as from outside of the Directorate General of Tax. (2) In terms of the conducted Audit to examine the fulfillment compliance of tax obligations is Office Audits, these following provisions shall be applied: a. list of books, records, and/ or documents, including electronically managed data and other information that are required by the Tax Auditor, should be attached to the Summons For Audit Office. b. books, records, and/ or documents, including electronically managed data and other information, as referred to in letter a, shall be obliged to be borrowed at which the Taxpayer fulfills the Summon for Office Audit and Tax Auditor makes the receipt of the borrowing and the returning of books, records, and documents. c. in terms of the books, records, and/ or documents, including electronically managed data and other information that is required, is not listed in the appendix of the Summons For Office Audit, as referred to in letter a, the Tax Auditor makes a request letter of borrowing books, records, and documents. (3) Books, records, and/ or documents, including electronically managed data and other information, as referred to in clause (1) letter b or clause (2) letter c, shall be obliged to be submitted to the Tax Auditor within maximum period of 1 (one) month since the request letter of borrowing books, records, and documents is delivered. (4) Each submission of books, records, and/ or documents, including electronically managed data and other information from the Taxpayer, the Tax Auditor makes receipt of the borrowing and the returning of books, records, and documents. (5) In terms of the borrowed books, records, and/ or documents in a form of a copy and/ or in the form of electronically managed data, the audited Taxpayer should make a statement that the copy and/ or the electronically managed data that are borrowed to the

22 Tax Auditor shall be in accordance with the original. (6) In terms of the books, records, and/ or documents, including electronically managed data and other information that is borrowed has not been fulfilled and the period of 1 (one) month, as referred to in clause (3), has not exceeded, the Tax Auditor could deliver written warning for no longer than 2 (two) times, namely: a. first warning letter shall be after 2 (two) weeks since the date of submission of the request letter of borrowing books, records, and documents as referred to in clause (1) letter b or clause (2) letter c; b. second warning letter shall be after three (3) weeks from the date of submission of the request letter of borrowing books, records, and documents as referred to in clause (1) letter b or clause (2) letter c. (7) Any warning letter, as referred to in clause (6), should be attached with the list of books, records, and documents that have not been borrowed for the Audit. Article 29 (1) In terms of the books, records, and/ or documents, including electronically managed data and other information that is requested by the Tax Auditor is not owned or under the control of the Taxpayer, the Taxpayer should make the statement letter certifies that the books, records, and/ or documents, including electronically managed data and other information requested by the Tax Auditor is not owned or under control the the Taxpayer. (2) In terms of the books, records, and/ or documents, including electronically managed data and other information that is required to be protected its confidentiality, the Taxpayer could apply the request in order to Audit implementation could be carried out at the Taxpayer s place by providing a special room. Article 30 (1) In the event that within the period of 1 (one) month, as referred to in Article 28 clause (3), is exceeded and the Taxpayer does not or does not fully borrow the books, records, and/ or documents, including electronically managed data and other information which are requested, the Tax Auditor should make the minute of unfulfilling the requests for borrowing books, records, and documents attached with the list detailed of books, records, and documents that shall be obliged to be borrowed but not yet delivered by the Taxpayer.

23 (2) In the event that the Taxpayer has borrowed all books, records, and/ or documents, including electronically managed data and other information which is requested, the Tax Auditor should make the minute of fulfilling all borrowing books, records and documents. Article 31 (1) In the event that the Taxpayer does not or does not fully borrow the books, records, and/ or documents, including electronically managed data and other information that is requested based on the minute of unfulfilling the request for borrowing books, records and documents, as referred to in Article 30 clause (1 ), the Tax Auditor should determine whether it could or could not carry out the examination for calculating the amount of taxable income based on the adequate competent evidence in accordance with the Audit implementation standards. (2) In the event that the conducted Audit againts individual Taxpayer who run the business or a self-employed or corporate Taxpayer and the Tax Auditor could not carry out the examination for calculating the amount of taxable income, as referred to in clause (1), such taxable income could be calculated in ex officio in accordance with the provisions of the legislation of taxation. (3) In terms of the Taxable Income is not calculated in ex officio, the Tax Auditor could borrow additional books, records, and/ or documents and other information in addition to that has been already borrowed. Part Ten Sealing Article 32 (1) Tax Auditor shall be authorized to conduct the sealing to obtain or to secure books, records, and/ or documents, including electronically managed data, and other objects that may give clues regarding the business activities or self-employed Taxpayers who is audited in order not to be moved, removed, destroyed, changed, defaced, switched, or falsified. (2) Sealing, as referred to in clause (1), shall be conducted, in the event when the Field Audits implementation: a. Taxpayers, representative, or the audited taxpayer s proxy does not give an opportunity to the Tax Auditor to enter place or space as well to examine tangible goods and/ or intangible goods, that are allegedly or reasonably suspected to be utilized for storing books or records, and/ or documents, including the

24 data processing result from the accounting that managed electronically or in on-line application program that could provide clues regarding the business activities or selfemployed Taxpayer; b. Taxpayer, representative, or the audited taxpayer s proxy is refused to give assistance for the examination smoothness, which is including does not giving opportunity to the Tax Auditor accessing maintained electronically data or opening tangible and/ or intangible good; c. Taxpayer, representative, or the audited Taxpayer s proxy is not in place and no employee or an adult family member of the Taxpayer who has the authority to act as the party who represents the Taxpayers, so it is necessary to perform a security measures before the Audit is postponed; or d. Taxpayer, representative, or the audited Taxpayer s proxy is not in place and the employee or an adult family member from the Taxpayer who has the authority to act as the party who represents the Taxpayer refuses to provide assistance for the smoothness of Audit. Article 33 (1) Sealing, as referred to in Article 32 clause (1), shall be conducted using the seal sign. (2) Sealing shall be conducted by the Tax Auditor and witnessed by at least two (2) adult persons other than the Tax Auditor team members. (3) In conducting the Sealing, the Tax Auditor shall be obliged to make the minute of sealing. (4) Minute of Sealing, as referred to in clause (3), shall be made and signed by the Tax Auditor and witnessed by at least two (2) adult persons other than the Tax Auditor team members. (5) Minute of Sealing, as referred to in clause (3), shall be made in 2 (two) copies and the second copy shall be handed to the Taxpayer, it representative, proxy, employee, or adult family member of the audited taxpayer. (6) In the event that the witnesses, as referred to in clause (2), refuses to sign the minute of Sealing, the Tax Auditor makes note of such refusal mentioned in the minute of Sealing. (7) In conducting the Sealing, the Tax Auditor could request for the assistance from the Indonesian National Police and/ or the regional government.

25 Article 34 (1) The opening of the Seal shall be conducted in the event that: a. Taxpayer, its representative, proxy, or those who could represent the Taxpayers, as referred to in Article 26 clause (2) letter b, has given the permission to the Tax Auditor to open or enter the place or room, sealed tangible or intangible good, and/ or to give an assistance for the smoothness of Audit; b. based on the consideration of the Tax Auditor, the Sealing is not required anymore, and/ or c. there is request from the investigator who conduct criminal investigations. (2) The Opening of the seal should be carried out by the Tax Auditor and witnessed by at least two (2) adult persons other than the Tax Auditor team members. (3) In certain circumstances, opening of the seals could be assisted by the Indonesia National Police and or the regional government. (4) In the event that the seal sign that is utilized to perform the Sealing is damaged or missing, the Tax Auditor should make a minute of damage or loss and reports it to the Indonesia National Police. (5) In opening the seal, the Tax Auditor makes the minute of seal opening, which is signed by the Tax Auditor and the witnessed as referred to in clause (2). (6) In the event that the witnesses,as referred to in clause (7), refuses to sign the minute of seal opening, the Tax Auditor make note of the refusal in the minute of the seal opening. (7) Minute of seal opening shall be made in 2 (two) copies and the second copy shall be handed to the Taxpayer, its representative, proxy, employee, or an adult family member of the Taxpayer. Article 35 (1) In the event that within 7 (seven) days after the date of Sealing or other the period by considering the Sealing purposes, the Taxpayer, its representative, or the Taxpayer s proxy still does not give permission to the Tax Auditor to open or enter the sealed place or space, tangible or intangible goods, and/ or does not provide assistance for the smoothness of Audit, the Taxpayer shall be considered refusing the Audit. (2) In case the taxpayer is considered refusing the Audit, as referred to in clause (1), the Taxpayers, its representative, or the

26 Taxpayer s proxy shall be obliged to sign the refusal statement of the Audit. (3) In case the Taxpayer, its representative, or the Taxpayer s proxy refuses to sign the refusal statement, as referred to in clause (2), the Tax Auditor makes and signs the minute regarding such refusal. Part Eleven Refusal of Audit Article 36 (1) In case the Taxpayer, its representative, or the Taxpayer s proxy who is under Field Audits to examine the fulfillment compliance of tax obligations certifies to refuse conducting the Examination including refusing to receive the Field Audit Notification Letter, the Taxpayer, its representative, or the Taxpayer s proxy should sign the refusal statement of Audit. (2) In case the Taxpayer, its representative, or the Taxpayer s proxy refuses to sign the refusal statement of the Audit, as referred to in clause (1), Tax Auditor makes the minute refusal of Audit that is signed by the Tax Auditor team. (3) In case the Taxpayer, its representative, or the Taxpayer s proxy is not in place, then: a. Audit could remain be conducted as long as there are employee or an adult family member of the Taxpayer who could and has the authority to represent the Taxpayer, it shall be limited to the metters that are in its authority; or b. Audit shall be postponed to be continued in the next opportunity. (4) For the purposes of the Audit security measures, prior postponement, as referred to in clause (3) letter b, the Tax Auditor could conduct a Sealing as referred to in Article 32 clause (1). (5) In the event after the Sealing within the period, as referred to in Article 35 clause (1), the Taxpayer, its representative, or the Taxpayer s proxy remain not in place and/ or does not give a permission to the Tax Auditor to open or enter the place or space, tangible/ intangible goods, and/ or does not provide assistance for the smoothness of Audit, the Tax Auditor asks to the employee or an adult family member from the taxpayer to assist the smoothness of Audit. (6) In the event that the employee or the adult family member from the Taxpayer, as referred to in clause (5), refuses to assist the smoothness of the Audit, the Tax Auditor askes the employee or

27 the adult family member from the Taxpayer to sign the letter of refusal to assist the smoothness of the Audit. (7) In the event that the employee or the adult family member from the Taxpayer refuses to sign the letter of the refusal to assist the smoothness of the Audit, as referred to in clause (6), the Tax Auditor makes an minute of refusal to assist the smoothness of the Audit of which is signed by the Tax Auditor team. Article 37 (1) In terms of the Taxpayer, its representative, or the Taxpayer s proxy conducts the Office Audit to examine the fulfillment compliance of tax obligations in fulfilling the Summons for Office Audit but refuses to perform the Audit, the Taxpayer, its representative, or the Taxpayer s proxy should sign the statement letter of the Audit refusal. (2) In terms of the Taxpayer, its representative, or the Taxpayer s proxy refuses to sign the statement letter of the Audit refusal, as referred to in clause (1), the Tax Auditor shall make an minute of the Audit refusal of which is signed by the Tax Auditor team. (3) In the event that in the maximum period of 1 (one) month from the Summons for Office Audit is delivered to the Taxpayer and the summons is not returned by postal service or other courier service and the Taxpayer doesn t fulfill the Office Audit summon, the Tax Auditor shall make the minute of the unfulfilling of the Audit summon by the Taxpayer that is signed by the Tax Auditor team. Tax Auditor, based on: Article 38 a. Audit refusal statement letter, as referred to in Article 35 clause (2), Article 36 clause (1), or Article 37 clause (1); b. minute of the Audit refusal as referred to in Article 35 clause (3), Article 36 clause (2), or Article 37 clause (2); c. minute of the Audit summon non-fulfilled, as referred to in Article 37 clause (3); d. refusal letter to assist the smoothness of Audit as referred to in Article 36 clause (6); or e. minute of the refusal to assist the smoothness of Audit as referred to in Article 36 clause (7); could conduct the tax assessment in ex officio or proposed the Preliminary Evidence Audit.

28 Part Twelve Taxpayer Explanation and Request for Information to Third Party Article 39 (1) To obtain a more detailed explanation, the Tax Auditor through the head of the Audit executor unit could call the Taxpayer, its representative, the Taxpayer s proxy, employee or adult family member of the Taxpayer through the submission of summon. (2) In terms of the conducted Audit is Field Audit, more detailed explanation, as referred to in clause (1) could be conducted at the time of the Audit implementation is conducted on the Taxpayer s place. (3) Explanation, as referred to in clause (1) or clause (2), which is given to the Tax Auditor, shall be included in the minute regarding the explanation given by the Taxpayer that is signed by the Tax Auditor team and the Taxpayer, its representative, the Taxpayer s proxy, employee or adult family member of the taxpayer. (4) In terms of the Taxpayer, its representative, the Taxpayer s proxy, employee or adult family member from the taxpayer refuses to sign the minute, as referred to in clause (3), the Tax Auditor makes a note of the refusal in the acknowledgement in question. Article 40 Tax Auditor through the head of the Audit executor unit could request information and/ or evidence to third party, as referred to in Article 35 of the Law of KUP in writing in accordance with the Regulation of the Minister of Finance of which sets out the procedures for information request to third party. Part Thirteen Notification of Tax Audit Finding and Audit Result Final Discussion Article 41 (1) Audit results to examine the fulfillment compliance of tax obligations should be notified to the Taxpayer through the delivery of SPHP of which is attached with the list of Audit findings. (2) SPHP and the list of Audit findings, as referred to in clause (1), could be delivered directly by the Tax Auditor or through fax. (3) In terms of the SPHP is delivered directly and Taxpayer, its

29 representative, or the Taxpayer s proxy refuses to accept the SPHP, Taxpayer, its representative, or the Taxpayer s shall be obliged sign refusal letter of the SPHP acceptance. (4) In terms of the Taxpayer, its representative, or the Taxpayer s proxy refuses to sign the refusal letter of the SPHP acceptance, as referred to in clause (3), the Tax Auditor makes minute refusal of the SPHP acceptance of which is signed by the Tax Auditor team. Article 42 (1) Taxpayer shall be obliged to give the written response against SPHP and list of Audit findings, as referred to in Article 41 clause (1), in the form of: a. Audit results approval statement sheet in the event that Taxpayer approves all Audit results; or b. Refutation letter, in the event that Taxpayer doesn t agree on a part or overall results of the Audit. (2) Written response, as referred to in clause (1), should be submitted within the period of seven (7) working days since the date of SPHP is received by Taxpayer. (3) Taxpayers could extend the period of the written response submission, as referred to in clause (2,) for maximum period of 3 (three) working days since the period as referred to in clause (2) ends. (4) To extend the response submission period, as referred to in clause (3), the Taxpayer should submit a written notice before the period as referred to in clause (2) ends. (5) Written response, as referred to in clause (1), and written notice as referred to in clause (4), shall be submitted by the Taxpayer directly or through fax. (6) In case the Taxpayer fails to submit written response againts the SPHP, Tax Auditor makes the minute regarding the failure to submit written response against SPHP of which is signed by the Tax Auditor team. Article 43 (1) In order to implement final discussion of the Audit result that is listed in SPHP and list of Audit findings, as referred to in Article 41 clause (1), to the Taxpayer should be given the right to attend in the Audit Result Final Discussion. (2) Rights to attend, as referred to in clause (1), shall be given through written invitation delivered to the Taxpayer by mentioning the day and date of the implementation of the Audit Results Final

30 Discussion. MINISTER OF FINANCE (3) Invitation, as referred to in clause (2), should be delivered to the Taxpayer within the maximum period of 3 (three) working days commencing from: a. acceptance of the written response against SPHP from the Taxpayer is in accordance with the period as referred to in Article 42 clause (2) or clause (3); or b. Expiration period, as referred to in Article 42 clause (3), in the event that Taxpayer fails to submit written response against the SPHP. (4) Invitation, as referred to in clause (2), could be submitted by the Tax Auditor in directly or through facsimile. Article 44 (1) In the event that the Taxpayer, its representative, or the Taxpayer s proxy: a. submits the Audit results approval statement sheet, as referred to in Article 42 clause (1) letter a within the period as referred to in Article 42 clause (2) or clause (3);and b. attends in the Audit Results Final Discussion in accordance with the day and date specified in the written invitation as referred to in Article 43 clause (2), Tax Auditors makes treatise of the discussion based on the Audit results approval statement sheet and makes the minute of Audit Results Final Discussion attached with the treatise of the final discussion, which is signed by Tax Auditor team and Taxpayer, its representative, or the Taxpayer s proxy. (2) In the event that Taxpayer, its representative, or the Taxpayer s proxy: a. submits the Audit results approval statement sheet, as referred to in Article 42 clause (1) letter a, within the period as referred to in Article 42 clause (2) or clause (3); and b. does not attending the Audit Result Final Discussion in accordance with the day and date specified in the written invitation as referred to in Article 43 clause (2), Tax Auditors makes treatise of the discussion based on the Audit results approval statement sheet, minute of absence of the Taxpayer in the Audit Results Final Discussion, and minute of Audit Results Final Discussion of which is attached with the treatise of final discussion, which is signed by the Tax Auditor

31 team. (3) In the event that Taxpayer, its representative, or the Taxpayer s proxy: a. submits the refutation letter of Audit results contents as referred to in Article 42 clause (1) letter b, within the period as referred to in Article 42 clause (2) or clause (3); and b. attends the Audit Results Final Discussion in accordance with the invitation as referred to in Article 43 clause (2), Tax Auditors should implement Audit Results Final Discussion with the Taxpayer based on the refutation letter and mention the results of the discussion in the treatise of the discussion, which is signed by the Tax Auditor team and the Taxpayer, its representative, or the Taxpayer s proxy. (4) In the event that Taxpayer, its representative, or the Taxpayer s proxy: a. submits refutation letter, as referred to in Article 42 clause (1) letter b, within the period as referred to in Article 42 clause (2) or clause (3); and b. does not attend Audit Results Final Discussion in accordance with the day and date specified in the invitation as referred to in Article 43 clause (2), Tax Auditor makes treatise of discussion based on the refutation letter, minute of Taxpayer s absence in the Audit Results Final Discussion, and minute of the Audit Results Final Discussion that is attached with the treatise of final discussion, which is signed by the Tax Auditor team. (5) In the event that Taxpayer, its representative, or the Taxpayer s proxy: a. does not submit the written response against SPHP, as referred to in Article 42 clause (1), within the period as referred to in Article 42 clause (2) or clause (3); and b. attends Audit Result Final Discussion in accordance with the invitation as referred to in Article 43 clause (2), Tax Auditors remains implementing the Audit Results Final Discussion with the Taxpayer and mentions the results of the discussion in treatise of discussion, which is signed by the Tax Auditor team and the Taxpayer, its representative, or the Taxpayer s proxy. (6) In the event that Taxpayer, its representative, or the Taxpayer s proxy:

32 a. does not submit the written response against SPHP, as referred to in Article 42 clause (1), within the period as referred to in Article 42 clause (2) or clause (3); and b. does not attend the Audit Results Final Discussion in accordance with the day and date specified in the invitation as referred to in Article 43 clause (2), Tax Auditor makes treatise of discussion based on SPHP, as referred to in Article 41 clause (1), minute of the Taxpayer s absence in the Audit Results Final Discussion, and minute of the Audit Results Final Discussion that is attached with treatise of final discussion, which is signed by the Tax Auditor team Article 45 (1) In the event that there is any Audit results have not been agreed in the treatise of the discussion, as referred to in Article 44 clause (3) or clause (5), and the Taxpayer proposes the request for a discussion with the Audit Quality Assurance Team, minute of the Audit Results Final Discussion that is attached with treatise of final discussion is made after the discussion with the Audit Quality Assurance Team is implemented. (2) In the event that Taxpayer does not propose the request for a discussion with the Audit Quality Assurance Team, minute of Audit Results Final Discussion that is attached with treatise of the final discussion is made based on treatise of the discussion as referred to in Article 44 clause (3) or clause (5). (3) In the event that Taxpayer, its representative, or the Taxpayer s proxy refuses to sign treatise of discussion, as referred to in Article 44 clause (3) or clause (5), and/ or the minute of Audit Results Final Discussion that is attached with treatise of final discussion, as referred to in clause (2), Tax Auditor makes a note regarding such refusal. Article 46 (1) In the event that Taxpayer does not present in the Audit Result Final Discussion on the day and date according to the invitation as referred to in Article 43 clause (2), the Audit Result Final Discussion shall be deemed have been performed. (2) In the event that Audit Result Final Discussion is deemed have been performed, as referred to in clause (1), the minute of Audit Results Final Discussion that is attached with treatise of final discussion, which is signed by Tax Auditor team. Article 47

33 (1) In the event that Taxpayer proposes the request for discussion with the Audit Quality Assurance Team, as referred to in Article 45 clause (1), Taxpayer proposes the request letter addressed to: a. Head of Regional Office of the Directorate General of Tax in the event that the Audit is conducted by Tax Auditor at the Tax Office or at Regional Office of the Directorate General of Tax; or b. Director of Audit and Collection, in the event that Audit is conducted by Tax Auditor at the Directorate of Audit and Collection. (2) Request for discussion with the Audit Quality Assurance Team, as referred to in clause (1) could be performed if: a. treatise of discussion, as referred to in Article 44 clause (3) or clause (5) has been signed by Tax Auditor team and the Taxpayer, its representatives, or the Taxpayer s proxy; and b. minute of Audit Result Final Discussion, as referred to in Article 45 clause (2), has not been signed by Tax Auditor team and the Taxpayer, its representative, or the Taxpayer s proxy. (3) Request letter for discussion with the Audit Quality Assurance Team, as referred to in clause (1),should be delivered directly or through facsimile within the maximum period of 3 (three) working days since the signing of treatise of discussion, as referred to in Article 44 clause (3) or clause (5 ) and forwarded to head of the Audit Executor unit. Article 48 (1) Composition of Audit Quality Assurance Team consists of 1 (one) Chairman, 1 (one) secretary, and 3 (three) members. (2) Audit Quality Assurance Team, as referred to in clause (1), shall be established by Director of Audit and Collection or by Head of Regional Office of the Directorate General of Tax on behalf of the Director General of Tax. Article 49 Audit Quality Assurance Team, as referred to in Article 48 clause (1), assigns to: a. discuss the disagreement between Taxpayer and Tax Auditor at the time of the Audit Results Final Discussion; b. make conclusion and decision upon the disagreement between the Taxpayer and Tax Auditor; and c. make the treatise of Audit Quality Assurance Team of which

34 contains conclusion and decision of discussion results, as referred to in clause b and with a binding nature. Article 50 (1) Based on request letter, as referred to in Article 47 clause (3), the Audit Quality Assurance Team should submit invitation to the Taxpayer and Tax Auditor to carry out the discussion upon the Audit result of which has not been agreed in the treatise of discussion as referred to in Article 44 clause (3) or clause (5). (2) Invitation, as referred to in clause (1,) could be delivered directly or through facsimile. Article 51 (1) Discussion with the Audit Quality Assurance Team shall be conducted by the Audit Quality Assurance Team, Tax Auditor team, and Taxpayer, its representative, or the Taxpayer s proxy. (2) In the event that Taxpayer does not attend in discussion with the Audit Quality Assurance team in accordance with day and date mentioned in the invitation, as referred to in Article 50 clause (1), discussion with the Audit Quality Assurance Team shall remain be performed by Audit Quality Assurance Team and Tax Auditor team. Article 52 Implementation of Audit Results Final Discussion between the Taxpayer with the Tax Auditor, as referred to in Article 44 clause (3) or clause (5), and implementation of discussion of the Audit Quality Assurance Team, as referred to in Article 51, should consider the period of Audit Results Final Discussion and the report as referred to in Article 15 clause (4). Article 53 (1) Result of discussion with the Audit Quality Assurance Team shall be mentioned in treatise of the Audit Quality Assurance Team. (2) In the event that the Taxpayer, its representative, or the Taxpayer s proxy attends the discussion with the Audit Quality Assurance Team, the treatise of Audit Quality Assurance Team, as referred to in clause (1), shall be signed by the Audit Quality Assurance Team, Tax Auditor team and the Taxpayer, its representative, or the taxpayer s proxy. (3) In the event that the Taxpayer, its representative, or the taxpayer s proxy attends the discussion with the Audit Quality Assurance Team, but the Taxpayer, its representative, or the Taxpayer s proxy refuses to sign the treatise of Audit Quality

35 Assurance Team, as referred to in clause (1), the Audit Quality Assurance Team should make the note of refusal of such refusal in the treatise of Audit Quality Assurance Team. (4) In the event that the Taxpayer, its representative, or the Taxpayer s proxy does not attend the discussion with the Audit Quality Assurance Team in accordance with day and date mentioned in the invitation, as referred to in Article 50 clause (1), Audit Quality Assurance Team makes: a. minute of Taxpayer absence in the discussions with the Audit Quality Assurance Team of which is signed by the Audit Quality Assurance Team; and b. treatise of Audit Quality Assurance Team, as referred to in clause (1), of which is signed by Audit Quality Assurance Team and the Tax Auditor team. (5) In the event that the Taxpayer does not attend the discussion at day and date in accordance with the invitation, as referred to in Article 50 clause (1), discussion with the Audit Quality Assurance Team shall be deemed have been performed. Article 54 Treatise of the Discussion, as referred to in Article 44 clause (3) or clause (5), and treatise of the Audit Quality Assurance Team, as referred to in Article 53 clause (1), shall be utilized by the Tax Auditor as a basis for making the minute of Audit Results Final Discussion of which is attached by the treatise of final discussion results. Article 55 (1) In order to sign the minute of Audit Results Final Discussion, as referred to in Article 54, Tax Audit through the head of Audit executor unit summons Taxpayer by sending summon to sign the acknowledgement of the Audit Results Final Discussion. (2) Summon, as referred to in clause (1), could be delivered directly or through facsimile. (3) In the event such summon is delivered directly and the Taxpayer, its representative, or the Taxpayer s proxy refuses to accept such summons; Taxpayer, its representative, or the Taxpayer s proxy should sign refusal letter to accept the summon to sign the minute of Audit Results Final Discussion. (4) In the even the Taxpayer, its representative, or the Taxpayer s proxy refuses to sign the refusal letter, as referred to in clause (3), Tax Auditor makes an acknowledgement of the refusal to accept

36 the summons to sign the minute of Audit Results Final Discussion of which is signed by the Tax Auditor team. Article 56 (1) Taxpayer should fulfill the summon, as referred to in Article 55 clause (1), within the period of three (3) working days after the summon to sign the minute of the Audit Result Final Discussion is received by Taxpayer. (2) In the event that the Taxpayer, its representative, or the Taxpayer s proxy fulfill the summon, as referred to in Article 55 clause (1), but refuses to sign the minute of Audit Results Final Discussion, Tax Auditor makes the note regarding the refusal of signing of the minute of Audit Results Final Discussion. (3) In the event that the Taxpayer does not fulfill the summon, as referred to in Article 55 clause (1), Tax Auditor makes the note on the minute of Audit Results Final Discussion regarding the unfulfilled of the summon. Article 57 In the event that against Taxpayer is performed in ex officio assessment, as referred to in Article 31 clause (2) or Article 38, the books, records, and/ or documents, including electronically managed data and other information of which could be considered by the Tax Auditor in Audit Results Final Discussion shall be limited to: a. gross income for the calculation of income in ex officio; and b. tax credit as a reduction of Income Tax. Part Fourteen Audit Results Reporting and Documents Returning Article 58 (1) LHP shall be prepared by KKP, as referred to in Article 10. (2) Treatise of the discussion, treatise of Audit Quality Assurance Team, and/ or minute of Audit Results Final Discussion, constitutes an integral part of LHP as referred to in clause (1). (3) LHP, as referred to in clause (1), shall be utilized by Tax Auditor as the basis for making the tax calculation note. (4) Tax calculation note, as referred to in clause (3), shall be utilized as the basis for the issuance of tax assessments letter or Tax Bill. (5) Tax payable in the tax assessment letter, as referred to in clause (4), shall be calculated in accordance with Audit Results Final

37 Discussion, unless: a. in the event that the Taxpayer does not attend the Audit Results Final Discussion but delivres Audit result approval statement sheet, as referred to in Article 44 clause (2), tax payable shall be calculated in accordance with the Audit results approval statement sheet; b. in the event that the Taxpayer does not attend the Audit Results Final Discussion but delivers the refutation letter, as referred to in Article 44 clause (5), the tax payable shall be calculated based on SPHP with the amount that is not approved in accordance with the Taxpayer s refutation letter; c. in the event that the Taxpayer does not attend the Audit Results Final Discussion and does not deliver the written response on SPHP, as referred to in Article 44 clause (6), the tax payable shall be calculated based on SPHP, as referred to in Article 41 clause (1), and Taxpayer shall be deemed approving the Audit results. Article 59 Books, records, and documents that are borrowed should be returned to the Taxpayer using receipt of borrowing and returning of books, records and documents within no longer than 7 (seven) working days since the date of LHP. Part Fifteen Audit Result Cancellation Article 60 (1) Tax assessment letter from the Audit result of which is conducted without: a. SPHP submission; or b. Audit Results Final Discussion, could be canceled in ex officio or based on Tax Payer request by Director General of Tax, as referred to in Article 36 clause (1) letter d of Law of KUP. (2) In the event that the cancellation is performed, as referred to in clause (1), Audit process should be continued by implementing SPHP submission procedures and/ or Audit Results Final Discussion. (3) SPHP submission procedures and/ or the implementation of the Audit Results Final Discussion, as referred to in clause (2), should be conducted in accordance with the provisions as set out in this

38 Ministerial Regulation (4) In the event that the Audit that is continued, as referred to in clause (2), is related to tax overpayment refund request, as referred to in Article 17B Clause (1), of the Law of KUP, Audit shall be followed by the issuance of: a. tax assessment letter in accordance with the Audit Result Final Discussion if the period of 12 (twelve) months, as referred to in Article 17B Clause (1), of the Lw of KUP has not been reached;or b. Tax Overpayment Assessment Letter in accordance with the Tax Return if the period of 12 (twelve) months, as referred to in Article 17B Clause (1), of the Law of KUP Law is exceeded. (5) In terms of the membership composition of the Tax Auditor team to continue the Audit, as referred to in clause (2), is different with the membership composition of the previous Tax Auditor team, Audit shall be conducted after the issuance of letter that contains Tax Auditor team changes. Part Sixteen Disclosure of the Untruth of Filling of Tax Return During Audit Article 61 (1) Taxpayer could disclose in a written separate report regarding on the untruth in filling of Tax return that has been delivered in accordance with the actual situation, as referred to in Article 8 clause (4) of the Law of KUP and Article 8 of the Government Regulation Number 74 Year 2011, as long as the Tax Auditor has not been delivered SPHP. (2) Disclosure of the untruth in the filling of Tax return, as referred to in clause (1), should be delivered to Tax Office in which the Taxpayer is registered. (3) Written Separate report as referred to in clause (1), shall be signed by the Taxpayer, its representative, or the Taxpayer s proxy and shall be attached with: a. tax underpayment calculation in accordance with the actual situation in the form of Tax return; b. Tax Payment Slip for the underpayment taxes, and c. Tax Payment Slip for the payment of administrative sanction in the form of the hike of 50% (fifty percent). (4) In the event that the disclosure of untruth in the separate report, as referred to in clause (1), does not result a tax underpayment,

39 then such disclosure is not necessarily to be attached with the Tax Payment Slip. Article 62 (1) To prove the untruth disclosure in a separate report,as referred to in Article 61 clause (1), Audit shall remain be continued and for the Audit results, a tax assessment shall be issued by considering the separate report and calculating the principal tax that have been paid. (2) In the event that the Audit result, as referred to in clause (1), proves that the disclosure of untruth filling of Tax Return by the Taxpayer is not in accordance with the actual situation, the tax assessment letter shall be issued in accordance with the actual situation. (3) In the event that the Audit result, as referred to in clause (1), proves that the disclosure of untruth filling of Tax Return by the Taxpayer is in accordance with the actual situation, the tax assessment letter shall be issued in accordance with the disclosure of the Taxpayer. (4) Tax Payment Slip, as referred to in Article 61 clause (3) letter b, shall be calculated as tax credit in the tax assessment letter of which is issued based on the Audit result as referred to in clause (1), clause (2), and clause (3). (5) Tax Payment Slip, as referred to in Article 61 clause (3) letter c, constitutes a proof of payment of administrative sanction in the form of the hike of 50% (fifty percent) related to the disclosure untruth of the filling of Tax Return. (6) Tax assessment letter, as referred to in clause (2), shall be added with the administrative sanction in accordance with Article 13 of the Law of KUP. (7) In terms of the Disclosure of untruth in filling of Tax Return, as referred to in Article 61 clause (1,) is conducted for the Periodic Income Tax Return, Input Tax on Taxable Goods or Taxable services of which is not reported in the Periodic Income Tax Return could not be calculated as tax credit, as set forth in Article 9, clause (8) letter i of the Law of Value Added Tax Year 1984 and its amendment. Part Seventeenth Proposal of the Preliminary Evidence Audit and Audit Suspension Article 63

40 (1) Audit to examine the fulfillment compliance of tax obligations could be proposed Preliminary Evidence Audit openly if: a. during the implementation of Audit, indications of criminal offenses in the field of taxation is found; or b. Taxpayer refuses to be performed Audit, as referred to in Article 36 or Article 37, and against such Taxpayer shall not performed the calculation of taxable income in ex officio. (2) In the event tha the conducted Audit is Audit against tax overpayment refund request, as referred to in Article 17B of Law of KUP, the proposals of open Preliminary Evidence Audit should regard to the settlement period of such tax overpayment refund request. Article 64 (1) In the event that proposal of the open preliminary Evidence Audit, as referred to in Article 63 clause (1), is approved by the authorized official, the implementation of Audit shall be suspended by making a progress report of Audit until: a. open Preliminary Evidence Audit shall be resolved because the Taxpayer discloses the act of untruth, as referred to in Article 8 clause (3) of the Law of KUP; b. open Preliminary Evidence Audit shall be resolved with the issuance of Tax Underpayment Assessment Letter as referred to in Article 13A of Law of KUP; c. open Preliminary Evidence Audit shall be terminated because the Taxpayer who is under open Initial Evidence Audit is passed away; d. open Preliminary Evidence Audit shall be terminated because there is not any preliminary evidence of criminal offenses in the field of taxation is found; e. Investigation shall be terminated in accordance with the provisions of Article 44A of the Law of KUP or Article 44B of the Law of KUP; or f. Court decision on criminal action in the field of taxation has permanent legal force, and copy of the court's decision has been received by the Director General of Tax. (2) Audit Suspension, as referred to in clause (1), should be notified in written to the Taxpayer. (3) Written notice, as referred to in clause (2), should be delivered concurrently with the delivery of the open Preliminary Evidence Audit notification letter.

41 (4) Books, records, and documents of which are related to the suspended Audit, as referred to in clause (1), shall be delivered to the Preliminary Evidence Auditor by making the minute that is signed by the Tax Auditor and the Initial Evidence Auditor. (5) Copy of the Minute as referred to in clause (4), shall be delivered to Taxpayer. Article 65 (1) The suspended Audit, as referred to in Article 64 clause (1), shall be continued in accordance with the applicable provisions, if: a. open Preliminary Evidence Audit is terminated because the Taxpayer who is under open Preliminary Evidence Audit is passed away; b. open Preliminary Evidence Audit is terminated because there is not any preliminary evidence of criminal offenses in the field of taxation is found; c. open Preliminary Evidence Audit shall be continued with the investigation, but the investigation is terminated because it has fulfilled the provisions, as referred to in Article 44A of the Law of KUP; or d. open Preliminary Evidence Audit shall be continued with the investigation and prosecution and there have been a court decisions regarding criminal offenses in the field of taxation that already have permanent legal force, and the copy of the court's decision has been received by the Director General of Taxation. (2) The suspended Audit, as referred to in Article 64 clause (1), shall be terminated by making Summary of LHP, as referred to in Article 21 letter b, if: a. open Preliminary Evidence Audit shall be resolved because the Taxpayer discloses its untruth act, as referred to in Article 8 clause (3) of the Law of KUP; b. open Preliminary Evidence Audit shall not be continued with the investigation but I shall be resolved by issuing Tax Underpayment Assessment Letter as referred to in Article 13A of the Law of KUP; or c. open Preliminary Evidence Audit shall be continued with the investigation, but the investigation is terminated because no prosecution performed as referred to in Article 44B of the Law of KUP. Article 66

42 (1) In the event that the Taxpayer who is under Audit to examine the fulfillment compliance of tax obligations also under the open Preliminary Evidence Audit, the Audit to examine the fulfillment compliance of tax obligations shall be suspended by making the Audit progress report if the open Preliminary Evidence Audit shall be followed by the investigation. (2) Suspension of the Audit to examine the fulfillment compliance of tax obligations, as referred to in clause (1), shall be performed until: a. investigation is terminated in accordance with Article 44A or Article 44B of the Law of KUP; or b. court decision for criminal offences in the field of taxation that has permanent legal force, and the copy of the decision is received by the Director General of Tax. (3) Suspension of the Audit, as referred to in clause (1), shall be notified in written to the Taxpayer. (4) The suspended Audit, as referred to in clause (1) shall be continued in the event that: a. investigation is terminated due to Article 44A of the Law of KUP; or b. court decision for criminal offences in the field of taxation that has permanent legal force, and the copy of the decision is received by the Director General of Tax. (5) The suspended Audit, as referred to in clause (1), shall be terminated if the investigation is terminated due to Article 44B of the Law of KUP. Article 67 (1) In the event that the Audit is continued, as referred to in Article 65 clause (1) or Article 66 clause (4), the examination period as referred to in Article 15, or the examination period extension as referred to in Article 16 or Article 17 shall be extended for the maximum period of 4 (four) months. (2) In the event that the Audit is terminated, as referred to in Article 65 clause (2) or Article 66 clause (5), the Tax Auditor should de3liver the Audit termination notification letter to the Taxpayer. (3) Director General Of Tax could remains to perform the Audit in the event that after the Audit is terminated, as referred to in Article 65 clause (2) or Article 66 clause (5), there is data other than of which is set forth in the Article 8 clause (3) of the Law of KUP or Article 44B of the Law of KUP.

43 Part Eighteen Re-Audit Article 68 (1) Re-Audit could only be conducted based on the instruction or approval of the Director General of Tax. (2) Instruction or approval of the Director General of Tax to perform the Re-Audit could be granted in the event that there is new data, including data that previously has not been revealed. (3) In the event that Re-Audit,as referred to in clause (2), is resulted addition on the predetermined amount of tax in the previous tax assessments letter, Director General of Tax shall issue Additional Tax Underpayment Assessment Letter. (4) In the event that Re-Audit, as referred to in clause (2), does not result addition on the predetermined amount of tax in the previous tax assessments letter, Re-Audit shall be terminated by making Summary of LHP and such termination should be notified to the Taxpayer. (5) In the event that Re-Audit, as referred to in clause (2), does not result addition on the predetermined amount of tax in the previous tax assessments letter, but there are the changes in the amount of fiscal loss, Director General of Taxation issues the decree regarding the fiscal loss. (6) Decree regarding fiscal loss, as referred to in clause (5), shall be utilized as the basis to calculate fiscal loss to the next fiscal year. CHAPTER IV AUDIT FOR OTHER PURPOSES Part One Scope, Criteria, and Type of Audit Article 69 The scope of the Audit for other purposes in order to implement the provisions of the tax legislation could include determination, adjustment, or collection of material associated with the Audit purposes. Article 70 Audit for other purposes for implementing the provisions of the tax legislation shall be conducted with, such as, the following criteria: a. the provision of Taxpayer Identification Number in ex officio other than of which is performed based on Verification as set forth in the Regulation of the Minister of Finance regarding Verification

44 procedures; MINISTER OF FINANCE b. removal of Taxpayer Identification Number other than of which is performed based on Verification as set forth in the Regulation of the Minister of Finance regarding Verification procedures; c. establishment or removal of thetaxable Enterpreneur other than of which is performed based on Verification as set forth in the Regulation of the Minister of Finance regarding Verification procedures; d. Taxpayer proposes the objection; e. collecting material for the preparation of net income calculation norm; f. adjusting the data and/ or information tool; g. determination of the Taxpayers located in the remote areas; h. determination one or moreplaces of Value Added Tax payable; i. Audit in for the tax collection; j. determination in which the production begins or extends the period of compensatory damages in connection with the awarding of tax incentives; and/ or k. fulfilling the requests for information from partners country of Double Tax Avoidance Agreement. Article 71 Audit for other purposes, as referred to in Article 70, could be conducted with type of Field Audit or Office Audit. Part Two Audit Standard Article 72 (1) Audit for other purposes shoud be implemented in accordance to the Audit standards. (2) Audit standard, as referred to in clause (1), shall be utilized as a measure of Audit quality of which is the minimum achievement that should be achieved in implementing Audit. (3) Audit standard for other purposes, as referred to in clause (1,) including the general standards, Audit implementation standards, and Audit results reporting standards. Article 73

45 Tax Auditor who implements the Audit for other purposes should also meet the general standards as referred to in Article 6, clause (1) and clause (2). Article 74 Implementation of Audit for other purposes must be conducted in accordance with the standards of Audit implementation, namely: a. Audit implementation should be preceded in good preparation, in accordance with the Audit purposes, and receive a careful supervision; b. Audit scope shall be adjusted to the criteria of the conducted Audit for other purposes; c. Audit shall be conducted by a Tax Auditor team that consists of 1 (one) supervisor, 1 (one) team leader, and 1 (one) or more members of the team, and in certain circumstances a team leader could serve as team member; d. Audit could be performed at the office of the Directorate General of Tax, residence or domicile of the Taxpayer, place of business or free-employed of the Taxpayer, and/ or in other places that is considered necessary by the Tax Auditor; e. Audit shall be performed during working hours and if necessary it could be continued outside working hours; and f. Audit implementation shall be documented in the form of the KKP. Article 75 Audit activities for other purposes should be documented in the form of KKP, as referred to in Article 74 letter f, with respect to the following matters: a. KKP shall be obliged to be prepared by the Tax Auditor and functions as: 1) proof that the Tax Auditor has conducted the Audit based on the Audit standard, and 2) basis for making LHP; b. KKP should provide an overview regarding on: 1) data, information, and/ or evidence obtained; 2) Audit procedures of which are carried out; and 3) conclusion and other matters as may be necessary relates to

46 the Audit Article 76 Audit activity for other purposes should be reported in the form of LHP of which is prepared in accordance with reporting standards, namely: a. LHP shall be drafted succinctly and clearly, containing the scope or items that are audited according to Audit purposes, containing the Tax Auditor conclusions and also containing other related information disclosures; b. LHP for other purposes shall contain at least: 1) Taxpayer identity; 2) Audit Assignment; 3) Basic (purposes) of Audit; 4) Borrowed books and documents; 5) Material to be Audited; 6) Description of the Audit results, and 7) Conclusions and proposal of the Auditor. Part Three Tax Auditor s Obligation and Authorization Article 77 In performing the Audit for other purposes, the Tax Auditor shall be obliged to: a. submit a Field Audit Notification Letter in the event that the conducted Audit is the type of Field Audit or Summons for Office Audit in the event that the conducted Audit is the type of Office Audit; b. show Tax Audit Identity and SP2 when Audit; c. show letter that contains Tax Auditor team changes to the Taxpayers if the Tax Auditor team composition changes; d. explain the reason and purposes of the Audit to the Taxpayer to be audited; e. deliver an Audit Questionnaire to the Taxpayer; f. return the books, records, and other supporting documents od which are borrowed from the Taxpayer; and/ or g. conceal to other party who are not entitled to everything known or

47 notified to them by the Taxpayer in the Audit. Article 78 (1) In conducting Audit for other purposes with the type of Field Audits, Tax Auditor shall be authorized to: a. view and/ or borrow books, records, and/ or document of which became the basis of accounting or bookkeeping, and other documents associated to the Audit purposes; b. access and/ or download electronically managed data; c. enter and inspect place or space, tangible and / or intangible assets of which is allegedly or reasonably suspected to be utilized for storing books, records, and/ or documents that became the basis of accounting or bookkeeping, and other documents, and/ or goods which associated to the Audit purposes; d. request oral and/ or written information from the Taxpayer; and/ or e. request for the required information and/ or data from the third party that has relationship with the Taxpayer to be audited through the head of Audit executor unit. (2) In conducting Audit for other purposes with the type of Office Audit, Tax Auditor shall be authorized to: a. see and/ or borrow books, records, and/ or documents of which became the basis of accounting or bookkeeping, and other documents associated with the earned income, business activities, self-employed Taxpayer, or the tax payable object; b. request for oral and/ or written information from the Taxpayer; and/ or c. request for the required information and/ or data from the third party that has relationship with the Taxpayer to be audited through the head of Audit executor unit. Part Four Taxpayer s Rights and Obligations Article 79 In implementing Audit for other purposes, the Taxpayer shall be entitled to: a. ask Tax Auditor to show the Tax Auditor Identity and SP2 to the Taxpayer at the time of the Audit; b. ask the Tax Auditor to give the Field Audit Notification Letter, in

48 terms of the conducted Audit is the type of Field Audits; c. ask the Tax Auditor to provide an explanation of the reason and purposes of the Audit; d. ask the Tax Auditor to show the letter that contains Tax Auditor team changes if there is a change in the composition of the Tax Auditor team; and/ or e. give opinion or an assessment on the Audit implementation by the Tax Auditor through Audit Questionnaire filling. Article 80 (1) In the implementation of the Audit for other purposes with the type of Field Audits, the Taxpayers shall be obliged to: a. show and lend books, records, and/ or documents of which becomes the basis of accounting or bookkeeping, and other documents relating with the Audit purposes; b. provide opportunity to access and/ or download electronically managed data; c. provide opportunity to enter places or spaces for storing books, records, and/ or documents which becomes the basis of accounting or bookkeeping, and other documents, and/ or goods associated with the Audit purposes and lend it to the Tax Auditor; and/ or d. provide oral and/ or written information and provided data and/ or other required information. (2) In the implementation of the Audit for other purposes with the type pf Office Audit, the Taxpayer shall be obliged to: a. show and lend books, records, and/ or documents of which become the basis of accounting or bookkeeping, and other documents associated with the Audit purposes; and/or b. provide oral and/ or written information and provided data and / or other required information. Part Five Audit Period Article 81 (1) Audit for other purposes with the type of Field Audits shall be performed in the maximum period of 4 (four) months commencing from the date of Field Audit Notification Letter delivered to the Taxpayer, its representative, proxy, employee, or adult family member of the taxpayer, until the date of LHP.

49 (2) Audit for other purposes with the type of Office Audit shall be performed in the maximum period of 14 (fourteen) days commencing from the date of the Taxpayer, its representative, proxy, employee, or adult family member of the taxpayer, comes to fulfill the Summon for office Audit until the date of LHP. (3) In the event that the Audit period, as referred to in clause (1) or clause (2) ends, the Audit should be completed. (4) In the event that the Audit for other purposes for the removal request of Taxpayer Identification Number, as referred to in Article 70 clause b, Audit period, as referred to in clause (1) or clause (2), should regard the completion period of removal request of Taxpayer Identification Number, as referred to in Article 2 clause (7) of the Law of KUP. (5) In the event that the Audit for other purposes for the removal request of Taxable Enterpreneur, as referred to in Article 70 letter c, the Audit period, as referred to in clause (1) or clause (2), should regard the completion period of the removal request of the Taxable Enterpreneur, as referred to in Article 2 clause (9) of the Law of KUP. Part Six SP2 and Letter That Contains Tax Auditor Team Changes Article 82 (1) Field Audit for other purposes for implementing the provisions of the tax legislation shall be performed by the Tax Auditor of which is incorporated in Tax Auditor team based on the SP2. (2) SP2, as referred to in clause (1), shall be issued for one or several Tax Period in a part of Fiscal Year or the same Fiscal Year for one Part of Fiscal Year or a Fiscal Year for one Taxpayer. (3) In the event that the Tax Auditor team composition need to be changed, head of Audit Executor unit doesn t need to update the SP2 but it should issue the letter that contains Tax Auditor team changes. Part Seven Audit Notification and Summon Article 83 (1) In the event that the Audit for other purposes performed with the type of Field Audits, Tax Auditor shall notify the Taxpayer about Field Audit to be performed by submitting the Field Audit Notification Letter. (2) In the event that the Audit for other purposes performed with the

50 type of Office Audit, the Tax Auditor shall notify the Taxpayer about the Office Audit to be performed by submitting the Summons for Office Audit. (3) Field Audit Notification Letter, as referred to in clause (1), or Summons for Office Audit, as referred to in clause (2) shall be issued for a Tax Period, Part of the Fiscal Year, or Fiscal Year as stated in the SP2. Article 84 (1) Field Audit Notification Letter, as referred to in Article 83 clause (1), could be submitted directly to the Taxpayer at the time of commencement of Field Audit or delivered through facsimile, registered postal service or other registered corrier services. (2) In the event that the Field Audit Notification Letter is delivered directly and the taxpayer is not in place, the Field Audit Notification Letter could be submitted to: a. its representative or the Taxpayer s proxy; or b. party who could represent the Taxpayer, namely: 1) employee of the Taxpayer who is according to the Tax Auditor could represent the Taxpayer, in terms of the Audit conducted against the corporate Taxpayer; or 2) adult family member of the Taxpayer who is according to the Tax Auditor could represent the Taxpayer, in terms of the Audit conducted against individual Taxpayer. (3) Summons for Office Audit, as referred to in Article 83 clause (2), could be submitted through fax, registered postal service or other registered courier service. (4) In the event that the party, as referred to in clause (2) could not be found, Field Audit Notification Letter delivered through postal service or other courier services and the Field Audit Notification Letter shall be deemed has been delivered. Part Eight Documents Borrowing Article 85 (1) Books, records, and documents as well as data, and other borrowed information should be adjusted to the purposes and criteria of the Audit for other purposes as referred to in Article 70. (2) Borrowing of books, records, and documents as well as data, and other information should be conducted in accordance with the provision of Article 28 and Article 29.

51 Part Nine Audit Refusal Article 86 (1) In case the Taxpayer, its representative, or the Taxpayer s proxy who is under Field Audit for other purposes certifies refusing to perform the Audit includes refusing to receive the Field Audit Notification Letter then the Taxpayer, its representative, or the Taxpayer s proxy should sign the letter of Audit refusal. (2) In case the Taxpayer, its representative, or the Taxpayer s proxy refuses to sign such letter of Audit refusal, as referred to in clause (1), Tax Auditor shall make the minute of Audit refusal of which is signed by the Tax Auditor team. Article 87 (1) In case the Taxpayer, its representative, or the Taxpayer s proxy under Office Audit for other purposes fulfills the Summons for Office Audit but certifies refusing to perform the Audit, the Taxpayer, its representative, or the Taxpayer s proxy should sign the statement letter of Audit refusal. (2) In case the Taxpayer, its representative, or the Taxpayer s proxy refuses to sign the statement letter of Audit refusal, as referred to in clause (1), the Tax Auditor shall make the minute of statement letter of Audit of which is signed by the Tax Auditor team. Article 88 (1) Based on the Statement letter of Audit refusal or the minute of Audit refusal, as referred to in Article 86 and Article 87, the Taxpayer s request could not be processed or could not be considered in terms of the Audit for other purposes is performed for: a. determination of Taxpayer located in remote areas; or b. determination when production begins or extend the period of compensatory damages in connection with the awarding of tax incentives,. (2) Based on the statement letter of Audit refusal statement or the minute of the Audit refusal, as referred to in Article 86 and Article 87, Taxpayer shall be given the Taxpayer Identification Number established as Taxable Entrepreneur in ex officio in terms of the Audit performed for other purposes is performed for: a. granting the Taxpayer Identification Number in ex officio; and / or

52 b. Establishment of the Taxable Entrepreneur in Ex officio. (3) Based on the Statement letter of Audit refusal or the minute of the Audit refusal, as referred to in Article 86 and Article 87, the Taxpayer s request shall not be granted in the event that the Audit for other purposes is performed for: a. removal of Taxpayer Identification Number; and/ or b. Establishment or removal of Taxable Entrepreneur. Part Ten Taxpayer and Third Party Explanation Article 89 (1) In the implementation of the Audit for other purposes, through the head of the Audit executor unit, Tax Auditor also could summon the Taxpayer to obtain the more detailed explanation or request for information and/ or evidence cooperated with the Audit to any third party, as referred to in Article 35 of the Law of KUP. (2) Information request to the Taxpayer or to any third party, as referred to in clause (1), shall be implemented in accordance with the provision as referred to in of Article 39 and Article 40. CHAPTER V SUBMISSION OF AUDIT QUESTIONNAIRE Article 90 (1) In order to improve the quality and the accountability of the Audit, Tax Auditor shall submit the Audit questionnaire to the Taxpayer to be audited. (2) In event that the performed Audit constitutes an Audit to examine the fulfillment compliance of tax obligation, the submission of Audit Questionnaire, as referred to in clause (1) shall be conducted at the meeting with the Taxpayer as referred to in Article 27. (3) In the event that the performed Audit constitutes an Audit for other purposes for implementing the provisions of the tax legislation, Audit Questionnaire submission, as referred to in clause (1), shall be submitted at the time of the Field Audit Notification Letter submission or at the time the Taxpayer come to fulfill the Summons for Office Audit. (4) Taxpayers could submit the completed Audit Questionnaire to: a. Director of Audit and Collection in terms of the Audit Executor

53 Unit is the Directorate of Audit and Collection; or b. Head of Regional Office of the Directorate General of Tax in terms of the Audit Executor Unit is the Regional Office of the Directorate General of Tax or Tax Office. CHAPTER VI MISCELLANEOUS PROVISIONS Article 91 Tax Auditor shall not be subject to the sanctions in the case of the performed Audit is in accordance with the Audit standards, and it is implemented based on good faith and in accordance with the provisions of the tax legislation. Article 92 Audit standards to examine the fulfillment compliance of tax obligation, as referred to in Article 6, and the Audit standards for other purposes, as referred to in Article 72, shall be set out with the Regulation of Director General of Tax. (1) Document in the form of: Article 93 a. Tax Auditor Identity as referred to in Article 11 letter b; b. SP2 as referred to in Article 24 clause (1); c. letter contains Tax Auditor team changes as referred to in Article 24 clause (3); and d. letter of assignment to assist the implementation of Audit as referred to in Article 23 clause (4), shall be made using the format according to the sample as listed in Appendix I of which constitutes an integral part of the regulation herein. (2) Document in the form of: a. Field Audit Notification Letter as referred to in Article 25 clause (1); b. Summons for Office Audit as referred to in Article 25 clause (2), and c. minute of the meeting result as referred to in Article 27 clause (5), shall be made using the format according to the sample as listed in Appendix II of which constitutes an integral part of the

54 regulation herein (3) Documents in the form of: a. request letter of borrowing of books, records, and documents as referred to in Article 28 clause (1) letter b, and Article 28 clause (2) letter c; b. list of books, records, and documents that shall be obliged to be borrowed as referred to in Article 28 clause (1) letter b and Article 28 clause (2); c. proof of borrowing and returning books, records, and documents as referred to in Article 28 clause (1) letter a, Article 28 clause (2) letter b, and Article 28 clause (4); d. statement of authenticity of documents and / or data from the Taxpayer as referred to in Article 28 clause (5); e. first warning letter/ second warning letter as referred to in Article 28 clause (6); f. list of books, records, and documents that has not been borrowed as referred to in Article 28 clause (7); g. minute of non-fulfillment for the borrowing of books, records, and documents as referred to in Article 30 clause (1); h. minute of the fulfillment for the borrowing of all books, records, and documents as referred to in Article 30 clause (2), shall be made using the format in accordance with the samples as listed in Appendix III of which constitutes as an integral part of the regulation herein. (4) Documents in the form of: a. seal sign as referred to in Article 33 clause (1); b. minute of sealing as referred to in Article 33 clause (4); c. minute of broken/ missing seal sign as referred to in Article 34 clause (4), and d. minute of seal opening as referred to in Article 34 clause (5), shall be made using the format in accordance with the samples as listed in Appendix IV of which constitutes as an integral part of the Regulation herein. (5) Documents in the form of: a. Statement letter of Audit refusal as referred to in Article 35 clause (2), Article 36 clause (1), Article 37 clause (1);

55 b. minute of Audit refusal as referred to in Article 35 clause (3), Article 36 clause (2), Article 37 clause (2); c. statement letter of refusal to assist the smoothness of Audit as referred to in Article 36 clause (6); d. minute of the refusal to assist the smoothness of Audit as referred to in Article 36 clause (7), and e. minute of non-fulfilling the summon as referred to in Article 37 clause (3), shall be made using the format in accordance to the samples as listed in Appendix V of which constitutes as an integral part of the Regulation herein. (6) Documents in the form of: a. summon to provide information as referred to in Article 39 clause (1), and b. minute of Taxpayer provision of information as referred to in Article 39 clause (3), shall be made using the format in accordance to the samples as listed in Appendix VI of which constitutes as an integral part of the Regulation herein. (7) Documents in the form of: a. SPHP and Audit findings list as referred to in Article 41 clause (1); b. statement letter of refusal to receive the SPHP as referred to in Article 41 clause (3) and the acknowledgement of the refusal to receive the SPHP as referred to in Article 41 clause (4); c. statement letter of Audit results approval as referred to in Article 42 clause (1) letter a; d. notification letter of period extension responses submission from the Taxpayer as referred to in Article 42 clause (4); e. minute of non-submission written response against SPHP as referred to in Article 42 clause (6); f. invitation for Audit Result Final Discussion as referred to in Article 43 clause (2); g. treatise of the discussion as referred to in Article 44 clause (1) to clause (6); h. request letter of discussion with the Audit Quality Assurance Team as referred to in Article 47 clause (1);

56 i. invitation to attend the discussion with the Audit Quality Assurance Team as referred to in Article 50 clause (1); j. treatise of Audit Quality Assurance Team as referred to in Article 53 clause (1); k. minute of the Audit Results Final Discussion and the treatise of final discussion result as referred to in Article 44 clause (1), clause (2), clause (4), and clause (6), Article 45 clause (2), Article 46 clause (2), and Article 54; l. summons to sign the minute of the Audit Result Final Discussion as referred to in Article 55 clause (1), and m. minute of the Taxpayer's absence in the Audit Result Final Discussion as referred to in Article 44 clause (2), clause (4), and clause (6), and Article 53 clause (4), shall be made using the format in accordance to the samples as listed in Appendix VII of which constitutes an integral part of the regulation herein. (8) Report of the Disclosure of untruth fulfilling of Tax Return, as referred to in Article 61 clause (1), shall be made using the format in accordance to the sample as listed in Appendix VIII of which constitutes as an integral part of the Regulation herein. (9) Documents in the form of: a. notification of Examination period extension as referred to in Article 18; b. notification of Audit suspension of which is improved to the Preliminary Evidence Audit as referred to in Article 64 clause (2); c. notification of Audit termination as referred to in Article 67 clause (4), and d. Audit Questionnaires as referred to in Article 90 clause (1), shall be made using the format in accordance with the sample as listed in Appendix IX of which constitutes as an integral part of the Regulation herein. (10) Decree of the establishment of fiscal loss based on the Re-Audit, as referred to in Article 68 clause (5), shall be made using the format in accordance with the sample as listed in Appendix X of which constitutes as an integral part of the Regulation herein. CHAPTER VII TRANSITIONAL PROVISIONS Article 94

57 By the promulgation of this Ministerial Regulation: a. over SP2 of which is issued before the enactment of this Ministerial Regulation and the Audit that has not been completed, the settlement process is then performed based on the provisions as regulated in the Regulation herein; b. over Audit of which is followed by the Preliminary Evidence Audit and have been made the Summary of LHP, could be carried out an Audit for the issuance of tax assessments letter as long as in the Preliminary Evidence Audit results there is no indication of criminal offenses in the field of taxation. CHAPTER VIII CLOSING PROVISIONS Article 95 At the time this Ministerial Regulation come into effect: a. Regulation of the Minister of Finance Number 191/PMK.03/2007 concerning The Issuance of Tax Assessment Letter On Tax Overpayment Refund Request Against The Taxpayer Who is Under Audit On The Preliminary Evidence of Criminal Act in Taxation; b. Regulation of the Minister of Finance Number 198/PMK.03/2007 concerning Sealing Procedures For Audit in Taxation; c. Regulation of the Minister of Finance Number 199/PMK.03/2007 concerning Procedures for Tax Audit; d. Regulation of the Minister of Finance Number 82/PMK.03/2011 concerning the Amendment on the Regulation of the Minister of Finance Number 199/PMK.03/2007 concerning Procedures for Tax Audit, shall be revoked and declared null and void. Article 96 This Ministerial Regulation shall be come into force on February 1, For public cognizance, it is ordered to promulgate this Ministerial Regulation by placing in the State Gazette of the Republic of Indonesia. Stipulated in Jakarta on January 7, 2013

58 MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA, Signed AGUS DW MARTOWARDOJO Promulgated in Jakarta on January 7, 2013 MINISTER OF JUSTICE AND HUMAN RIGHTS, Signed AMIR SYAMSUDIN OFFICIAL GAZETTE YEAR 2013 NUMBER 47

59 APPENDIX I REGULATION OF THE MINISTER OF FINANCE NUMBER 17/PMK.03/2013 ON AUDIT PROCEDURE MINISTER OF FINANCE A. FORMAT OF TAX AUDITOR IDENTITY: MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA THE DIRECTORATE GENERAL OF TAX.. (1) TAX AUDITOR IDENTITY Inside display 14 cm MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA THE DIRECTORATE GENERAL OF TAX.. (1) TAX AUDITOR IDENTITY Number :.. (2) Valid until :.. (3) Photograph (4) Signature... (5) Name :. (6) NIP :.. (7) Rank/Class : (8) Position :... (9) Is an employee of the Directorate General of Taxation or an Expert who authorized to perform an Audit in the field of taxation based on Law Number 6 Year 1983 concerning General Tax Provisions and DJP Procedures as several times amended lastly by Law Number 16 Year 2009 in the region of.(10), (11) On behalf of DIRECTOR GENERAL OF TAX (12) (13) NIP 9 cm

PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 28 YEAR 2007 CONCERNING

PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 28 YEAR 2007 CONCERNING PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 28 YEAR 2007 CONCERNING THE THIRD AMENDMENT OF THE LAW NUMBER 6 YEAR 1983 ON GENERAL PROVISION AND TAXATION PROCEDURE BY THE

More information

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE MINISTER OF FINANCE NUMBER 176/PMK.04/2013 CONCERNING THE AMENDMENT TO REGULATION OF THE MINISTER OF FINANCE NUMBER 254/PMK.04/2011 ON EXEMPTION OF IMPORT DUTY ON GOODS AND MATERIALS

More information

PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 24 OF 2011 CONCERNING THE SOCIAL SECURITY ADMINISTRATIVE BODY

PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 24 OF 2011 CONCERNING THE SOCIAL SECURITY ADMINISTRATIVE BODY PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 24 OF 2011 CONCERNING THE SOCIAL SECURITY ADMINISTRATIVE BODY BY THE GRACE OF GOD ALMIGHTY, PRESIDENT OF THE REPUBLIC OF INDONESIA

More information

FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE FINANCIAL SERVICES AUTHORITY NUMBER: 4/POJK.

FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE FINANCIAL SERVICES AUTHORITY NUMBER: 4/POJK. FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE FINANCIAL SERVICES AUTHORITY NUMBER: 4/POJK.05/2013 CONCERNING FIT AND PROPER TEST OF KEY PERSONS IN INSURANCE COMPANIES,

More information

DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC.

DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC. DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC. Number : Kep-00113/BEI/11-2015 Regarding : Rule Number I-R concerning Listing of Asset-Backed Securities in the Form of Participatory

More information

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 229/PMK.04/2015 REGARDING MAIN PARTNER OF CUSTOMS BY THE GRACE OF GOD ALMIGHTY

More information

THE LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 OF 2007 CONCERNING LIMITED LIABILITY COMPANY BY THE GRACE OF ALMIGHTY GOD

THE LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 OF 2007 CONCERNING LIMITED LIABILITY COMPANY BY THE GRACE OF ALMIGHTY GOD THE LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 OF 2007 CONCERNING LIMITED LIABILITY COMPANY BY THE GRACE OF ALMIGHTY GOD THE PRESIDENT OF THE REPUBLIC OF INDONESIA Considering : a. that the national economy,

More information

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE MINISTER OF FINANCE NUMBER 5/PMK.02/2013 CONCERNING PROCEDURES FOR THE DEPOSIT OF NON TAX GOVERNMENT REVENUE FROM DIVIDENS BY THE GRACE OF GOD ALMIGHTY THE MINISTER OF FINANCE, Considering

More information

MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA DIRECTOR GENERAL OF TAXES REGULATION NUMBER PER-10/PJ/2017 CONCERNING

MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA DIRECTOR GENERAL OF TAXES REGULATION NUMBER PER-10/PJ/2017 CONCERNING MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA DIRECTOR GENERAL OF TAXES REGULATION NUMBER PER-10/PJ/2017 CONCERNING THE APPLICATION PROCEDURE OF DOUBLE TAXATION CONVENTION DIRECTOR GENERAL OF TAXES,

More information

MINISTER OF FINANCE REPUBLIC OF INDONESIA COPY MINISTER OF FINANCE NUMBER 188/PMK.04/2010 ABOUT IMPORTS OF GOODS WHICH BRING BY PASSENGERS, CREW

MINISTER OF FINANCE REPUBLIC OF INDONESIA COPY MINISTER OF FINANCE NUMBER 188/PMK.04/2010 ABOUT IMPORTS OF GOODS WHICH BRING BY PASSENGERS, CREW MINISTER OF FINANCE REPUBLIC OF INDONESIA COPY MINISTER OF FINANCE NUMBER 188/PMK.04/2010 ABOUT IMPORTS OF GOODS WHICH BRING BY PASSENGERS, CREW MEANS CARRIER, border crossers, AND DELIVERY OF GOODS BY

More information

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE MINISTER OF FINANCE THE REPUBLIC OF INDONESIA NUMBER 1 / PMK.03 / 2015 ON SECOND AMENDMENT TO THE MINISTER OF FINANCE REGULATION NUMBER 196 / PMK.03 / 2007 ON PROCEDURES FOR BOOKKEEPING

More information

COPY REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 76/PMK.03/2013 CONCERNING

COPY REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 76/PMK.03/2013 CONCERNING COPY REGULATION OF THE MINISTER OF FINANCE NUMBER 76/PMK.03/2013 CONCERNING LAND AND BUILDING TAX ADMINISTRATION OF MINING SECTOR FOR OIL, NATURAL GAS, AND GEOTHERMAL MINING BY THE GRACE OF GOD ALMIGHTY

More information

COPY REGULATION OF FINANCE MINISTER NUMBER 100/PMK.02/2009 CONCERNING INFRASTRUCTURE FINANCING COMPANIES FINANCE MINISTER,

COPY REGULATION OF FINANCE MINISTER NUMBER 100/PMK.02/2009 CONCERNING INFRASTRUCTURE FINANCING COMPANIES FINANCE MINISTER, COPY REGULATION OF FINANCE MINISTER NUMBER 100/PMK.02/2009 CONCERNING INFRASTRUCTURE FINANCING COMPANIES FINANCE MINISTER, Having considered : that in order to implement Article 8 of Presidential Decree

More information

WITH THE BLESSING OF GOD ALMIGHTY THE BOARD OF COMMISSIONERS OF FINANCIAL SERVICES AUTHORITY,

WITH THE BLESSING OF GOD ALMIGHTY THE BOARD OF COMMISSIONERS OF FINANCIAL SERVICES AUTHORITY, UNOFFICIAL TRANSLATION Disclaimer: this document is an unofficial English translation of the original Indonesian text of Financial Services Authority Regulation Number 13/POJK.03/2017 concerning The Use

More information

ARTICLES OF ASSOCIATION OF PT BFI FINANCE INDONESIA Tbk. NAME AND DOMICILE ARTICLE Limited Liability Company named PT. BFI FINANCE INDONESIA

ARTICLES OF ASSOCIATION OF PT BFI FINANCE INDONESIA Tbk. NAME AND DOMICILE ARTICLE Limited Liability Company named PT. BFI FINANCE INDONESIA ARTICLES OF ASSOCIATION OF PT BFI FINANCE INDONESIA Tbk. NAME AND DOMICILE ARTICLE 1 1. Limited Liability Company named PT. BFI FINANCE INDONESIA Tbk, (hereinafter quite abbreviated as the "Company") is

More information

PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 YEAR 2014 INSURANCE BY THE GRACE OF ALMIGHTY GOD

PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 YEAR 2014 INSURANCE BY THE GRACE OF ALMIGHTY GOD PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 YEAR 2014 ON INSURANCE BY THE GRACE OF ALMIGHTY GOD PRESIDENT OF THE REPUBLIC OF INDONESIA, CHAPTER I GENERAL PROVISIONS

More information

REGULATION OF PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 13 YEAR 2018 REGARDING IMPLEMENTATION OF PRINCIPLE OF CORPORATE BENEFICIARY

REGULATION OF PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 13 YEAR 2018 REGARDING IMPLEMENTATION OF PRINCIPLE OF CORPORATE BENEFICIARY REGULATION OF PRESIDENT OF NUMBER 13 YEAR 2018 REGARDING IMPLEMENTATION OF PRINCIPLE OF CORPORATE BENEFICIARY IDENTIFICATION FOR PREVENTING AND ERADICATING CRIMINAL ACTIONS OF MONEY LAUNDERING AND TERRORISM

More information

Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 45/M-DAG/PER/9/2009

Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 45/M-DAG/PER/9/2009 Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 45/M-DAG/PER/9/2009 CONCERNING IMPORTER IDENTITY NUMBER (API) BY THE GRACE OF GOD

More information

PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 24 YEAR 2011 THE IMPLEMENTING AGENCY OF SOCIAL SECURITY

PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 24 YEAR 2011 THE IMPLEMENTING AGENCY OF SOCIAL SECURITY LAW NUMBER 24 YEAR 2011 ON THE IMPLEMENTING AGENCY OF SOCIAL SECURITY BY THE GRACE OF THE GOD ALMIGHTY PRESIDENT, Consider : a. that the social security system shall be program of the state of which aimed

More information

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY COPY REGULATION OF THE MINISTER OF FINANCE NO. 170/PMK.02/2013 CONCERNING PROCEDURES FOR PROVISION OF THE BUDGET, CALCULATION, PAYMENT, AND THE ACCOUNTABILITY OF ELECTRICITY SUBSIDY BY THE GRACE OF THE

More information

GENERAL PROVISIONS AND PROCEDURES FOR COLLECTION OF REGIONAL TAXES BY THE GRACE OF THE ALMIGHTY GOD THE PRESIDENT OF THE REPUBLIC OF INDONESIA,

GENERAL PROVISIONS AND PROCEDURES FOR COLLECTION OF REGIONAL TAXES BY THE GRACE OF THE ALMIGHTY GOD THE PRESIDENT OF THE REPUBLIC OF INDONESIA, Revokes PP 91/2010 Type: By: GOVERNMENT REGULATION (PP) THE PRESIDENT OF THE REPUBLIC OF INDONESIA Number: 55 YEAR 2016 (55/2016) Date: 21 NOVEMBER 2016 (JAKARTA) Reference: LN 2016/244; TLN NO 5950 Title:

More information

This document has been provided by the International Center for Not-for-Profit Law (ICNL).

This document has been provided by the International Center for Not-for-Profit Law (ICNL). This document has been provided by the International Center for Not-for-Profit Law (ICNL). ICNL is the leading source for information on the legal environment for civil society and public participation.

More information

COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 90/PMK.01/2013 CONCERNING

COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 90/PMK.01/2013 CONCERNING COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 90/PMK.01/2013 CONCERNING PAYMENT PROCEDURES OF NON-TAX GOVERNMENT REVENUE ON LICENSING, APPROVAL, AND ADMINISTRATIVE FINE

More information

COPY OF REGULATION OF THE MINISTER OF FINANCE THE REPUBLIC OF INDONESIA NUMBER 227/PMK.010/2012 CONCERNING

COPY OF REGULATION OF THE MINISTER OF FINANCE THE REPUBLIC OF INDONESIA NUMBER 227/PMK.010/2012 CONCERNING Unofficial Translation MINISTER OF FINANCE COPY OF REGULATION OF THE MINISTER OF FINANCE THE REPUBLIC OF INDONESIA NUMBER 227/PMK.010/2012 CONCERNING THE AMENDMENT OF THE REGULATION OF THE MINISTER OF

More information

CIRCULAR LETTER. To ALL NON-BANK MONEY CHANGERS IN INDONESIA

CIRCULAR LETTER. To ALL NON-BANK MONEY CHANGERS IN INDONESIA No. 6/ 13 /DPM Jakarta March 11, 2004 CIRCULAR LETTER To ALL NON-BANK MONEY CHANGERS IN INDONESIA Concerning : The Procedure for Licensing, the Application of Know Your Customer Principle, the Supervision,

More information

ANNEX 1.37 LAW OF THE REPUBLIC OF INDONESIA NUMBER 11 OF 1992 CONCERNING PENSION FUND

ANNEX 1.37 LAW OF THE REPUBLIC OF INDONESIA NUMBER 11 OF 1992 CONCERNING PENSION FUND ANNEX 1.37 LAW OF THE REPUBLIC OF INDONESIA NUMBER 11 OF 1992 CONCERNING PENSION FUND 1 LAW OF THE REPUBLIC OF INDONESIA NUMBER 11 OF 1992 CONCERNING PENSION FUND WITH THE BLESSING OF THE ALMIGHTY GOD

More information

BY GRACE OF THE GOD ALMIGHTY THE GOVERNOR OF BANK INDONESIA,

BY GRACE OF THE GOD ALMIGHTY THE GOVERNOR OF BANK INDONESIA, BANK INDONESIA REGULATION NUMBER 19/ 10 /PBI/2017 CONCERNING IMPLEMENTATION OF ANTI-MONEY LAUNDERING AND PREVENTION OF TERRORISM FINANCING FOR NON-BANK PAYMENT SYSTEM SERVICE PROVIDER AND NON-BANK MONEY

More information

LAW OF THE REPUBLIC OF INDONESIA NUMBER 22 OF 2001 CONCERNING OIL AND GAS WITH THE BLESSING OF GOD THE ALMIGHTY

LAW OF THE REPUBLIC OF INDONESIA NUMBER 22 OF 2001 CONCERNING OIL AND GAS WITH THE BLESSING OF GOD THE ALMIGHTY LAW OF NUMBER 22 OF 2001 CONCERNING OIL AND GAS WITH THE BLESSING OF GOD THE ALMIGHTY THE PRESIDENT OF, Considering : a. whereas national development should be directed to the creation of welfare for the

More information

BANK INDONESIA REGULATION NUMBER: 7/52/PBI/2005 CONCERNING OPERATION OF CARD-BASED PAYMENT INSTRUMENT ACTIVITIES THE GOVERNOR OF BANK INDONESIA,

BANK INDONESIA REGULATION NUMBER: 7/52/PBI/2005 CONCERNING OPERATION OF CARD-BASED PAYMENT INSTRUMENT ACTIVITIES THE GOVERNOR OF BANK INDONESIA, Unofficial translation BANK INDONESIA REGULATION NUMBER: 7/52/PBI/2005 CONCERNING OPERATION OF CARD-BASED PAYMENT INSTRUMENT ACTIVITIES THE GOVERNOR OF BANK INDONESIA, Considering : a. whereas the public

More information

OG# 867. Law on Non-Governmental Organizations (NGOs)

OG# 867. Law on Non-Governmental Organizations (NGOs) OG# 867 Law on Non-Governmental Organizations (NGOs) Chapter One General Provisions Purpose Article 1: (1) This law is enacted for the purpose of regulating the activities of domestic and foreign non-governmental

More information

Payday Loans Act. BE IT ENACTED by the Lieutenant Governor and the Legislative Assembly of the Province of Prince Edward Island as follows:

Payday Loans Act. BE IT ENACTED by the Lieutenant Governor and the Legislative Assembly of the Province of Prince Edward Island as follows: Consultation Draft Payday Loans Act September 30, 2008 Payday Loans Act BE IT ENACTED by the Lieutenant Governor and the Legislative Assembly of the Province of Prince Edward Island as follows: PART I

More information

BANK INDONESIA REGULATION NUMBER: 5/5/PBI/2003 CONCERNING RUPIAH AND FOREIGN CURRENCY MONEY MARKET BROKERAGE COMPANIES THE GOVERNOR OF BANK INDONESIA,

BANK INDONESIA REGULATION NUMBER: 5/5/PBI/2003 CONCERNING RUPIAH AND FOREIGN CURRENCY MONEY MARKET BROKERAGE COMPANIES THE GOVERNOR OF BANK INDONESIA, BANK INDONESIA REGULATION NUMBER: 5/5/PBI/2003 CONCERNING RUPIAH AND FOREIGN CURRENCY MONEY MARKET BROKERAGE COMPANIES THE GOVERNOR OF BANK INDONESIA, Considering : a. whereas the integrated development

More information

LAW OF THE REPUBLIC OF INDONESIA NUMBER 21 OF 2011 ON FINANCIAL SERVICES AUTHORITY BY THE BLESSINGS OF ALMIGHTY GOD

LAW OF THE REPUBLIC OF INDONESIA NUMBER 21 OF 2011 ON FINANCIAL SERVICES AUTHORITY BY THE BLESSINGS OF ALMIGHTY GOD LAW OF THE REPUBLIC OF INDONESIA NUMBER 21 OF 2011 ON FINANCIAL SERVICES AUTHORITY BY THE BLESSINGS OF ALMIGHTY GOD THE PRESIDENT OF THE REPUBLIC OF INDONESIA, Considering : a. that to realize the national

More information

Unofficial translation

Unofficial translation Unofficial translation BANK INDONESIA REGULATION NUMBER: 8/3/PBI/2006 CONCERNING CONVERSION OF BUSINESS OF CONVENTIONAL COMMERCIAL BANKS TO COMMERCIAL BANKS CONDUCTING BUSINESS BASED ON SHARIA PRINCIPLES

More information

Securities Transaction Law (2013, Pyidaungsu Hluttaw Law No. 20) The 9 th Waning of Waso M.E (30 th July 2013)

Securities Transaction Law (2013, Pyidaungsu Hluttaw Law No. 20) The 9 th Waning of Waso M.E (30 th July 2013) Securities Transaction Law (2013, Pyidaungsu Hluttaw Law No. 20) The 9 th Waning of Waso 1375. M.E (30 th July 2013) The Pyidaungsu Hluttaw hereby enacts this Law. Chapter 1 Title and Definition 1. This

More information

TAX UPDATES MAY 2018 NEW PROVISIONS FOR PRELIMINARY TAX REFUNDS I N S I D E T H I S I S S U E

TAX UPDATES MAY 2018 NEW PROVISIONS FOR PRELIMINARY TAX REFUNDS I N S I D E T H I S I S S U E MAY 2018 J A K A R T A O F F I C E M e n a r a I m p e r ium, 27 th F l o o r J l. H R R a s u n a S a id K a v. 1, 1 2 9 8 0 P h. + 6 2 2 1 8 3 5 6 3 6 3 F x. + 6 2 2 1 8 3 7 9 3 9 3 9 c o n ta c t@ p

More information

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 227/PMK.04/2015 REGARDING CURRENCY EXCHANGE RATE USED FOR CALCULATION AND

More information

BANK INDONESIA REGULATION NUMBER 11/33/PBI/2009 CONCERNING

BANK INDONESIA REGULATION NUMBER 11/33/PBI/2009 CONCERNING REGULATION NUMBER 11/33/PBI/2009 CONCERNING THE IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE BY ISLAMIC COMMERCIAL BANKS AND ISLAMIC BUSINESS UNITS BY THE GRACE OF THE ALMIGHTY GOD, THE GOVERNOR OF, Considering:

More information

COPY REGULATION OF MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 150 /PMK.010/2018 CONCERNING

COPY REGULATION OF MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 150 /PMK.010/2018 CONCERNING MINISTER OF FINANCE REPUBLIC OF INDONESIA COPY REGULATION OF MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 150 /PMK.010/2018 CONCERNING PROVISION OF CORPORATE INCOME TAX DEDUCTION FACILITY BY

More information

FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA FINANCIAL SERVICES AUTHORITY REGULATION NUMBER 26/POJK.04/2014 CONCERNING

FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA FINANCIAL SERVICES AUTHORITY REGULATION NUMBER 26/POJK.04/2014 CONCERNING FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA FINANCIAL SERVICES AUTHORITY REGULATION NUMBER 26/POJK.04/2014 CONCERNING SECURITIES EXCHANGE TRANSACTION SETTLEMENT GUARANTEE WITH THE BLESSINGS OF GOD

More information

THE MINISTRY OF ENVIRONMENT AND FORESTRY DIRECTORATE GENERAL OF FORESTRY ENTERPRISES

THE MINISTRY OF ENVIRONMENT AND FORESTRY DIRECTORATE GENERAL OF FORESTRY ENTERPRISES THE MINISTRY OF ENVIRONMENT AND FORESTRY DIRECTORATE GENERAL OF FORESTRY ENTERPRISES REGULATION OF DIRECTOR GENERAL OF FORESTRY ENTERPRISES NUMBER: P.15/VI-BPPHH/2014 CONCERNING STIPULATION MECHANISM OF

More information

The Microfinance Business Law (The Pyidaungsu Hluttaw Law No. 13 /2011 ) The 5th Waxing Day of Nadaw 1373 M.E. ( 30th November, 2011 ) The Pyidaungsu

The Microfinance Business Law (The Pyidaungsu Hluttaw Law No. 13 /2011 ) The 5th Waxing Day of Nadaw 1373 M.E. ( 30th November, 2011 ) The Pyidaungsu The Microfinance Business Law (The Pyidaungsu Hluttaw Law No. 13 /2011 ) The 5th Waxing Day of Nadaw 1373 M.E. ( 30th November, 2011 ) The Pyidaungsu Hluttaw hereby enacts the following law: Chapter I

More information

TAX UPDATES AUGUST 2018 HAVE YOU MAINTAINED YOUR COMPLIANCE POST TAX AMNESTY PERIOD? I N S I D E T H I S I S S U E

TAX UPDATES AUGUST 2018 HAVE YOU MAINTAINED YOUR COMPLIANCE POST TAX AMNESTY PERIOD? I N S I D E T H I S I S S U E AUGUST 2018 J A K A R T A O F F I C E M e n a r a I m p e r ium, 27 th F l o o r J l. H R R a s u n a S a id K a v. 1, 1 2 9 8 0 P h. + 6 2 2 1 8 3 5 6 3 6 3 F x. + 6 2 2 1 8 3 7 9 3 9 3 9 c o n ta c t@

More information

Article of Association. PT Bank Mandiri (Persero) Tbk.

Article of Association. PT Bank Mandiri (Persero) Tbk. Article of Association PT Bank Mandiri (Persero) Tbk. 2018 1 NAME AND DOMICILE Article 1 1. This Limited Liability Company shall bear the name PERUSAHAAN PERSEROAN (PERSERO) PT Bank Mandiri Tbk. or abbreviated

More information

c t PAYDAY LOANS ACT

c t PAYDAY LOANS ACT c t PAYDAY LOANS ACT PLEASE NOTE This document, prepared by the Legislative Counsel Office, is an office consolidation of this Act, current to December 2, 2015. It is intended for information and reference

More information

UNOFFICIAL TRANSLATION

UNOFFICIAL TRANSLATION FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE FINANCIAL SERVICES AUTHORITY NUMBER 23/PFSA.05/2015 CONCERNING INSURANCE PRODUCT AND INSURANCE PRODUCT DISTRIBUTION BY THE

More information

Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait

Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait - Having reviewed the Constitution;

More information

Unofficial consolidated text 1

Unofficial consolidated text 1 Unofficial consolidated text 1 Pursuant to Article 158-s item 1) and with respect to Article 66 paragraph (2) and Article 129 paragraphs (2), (3) and (4) of the Law on Insurance Supervision revised text

More information

No.: 40/2018/ND-CP Hanoi, on March 12, DECREE on management of business activities under multi-level method

No.: 40/2018/ND-CP Hanoi, on March 12, DECREE on management of business activities under multi-level method THE GOVERNMENT SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness No.: 40/2018/ND-CP Hanoi, on March 12, 2018 DECREE on management of business activities under multi-level method Pursuant

More information

MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA CAPITAL MARKET AND FINANCIAL INSTITUTIONS SUPERVISORY AGENCY

MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA CAPITAL MARKET AND FINANCIAL INSTITUTIONS SUPERVISORY AGENCY CAPITAL MARKET AND FINANCIAL INSTITUTIONS SUPERVISORY AGENCY DUPLICATE OF DECISION OF THE CHAIRMAN OF CAPITAL MARKET AND FINANCIAL INSTITUTIONS SUPERVISORY AGENCY NUMBER: KEP 41/BL/2008 CONCERNING REGISTRATION

More information

COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 69/PMK.04/2012 CONCERNING

COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 69/PMK.04/2012 CONCERNING COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 69/PMK.04/2012 CONCERNING EXEMPTION OF IMPORT DUTY AND / OR EXCISE ON THE IMPORTED GOODS OF GIFTS / GRANTS FOR PURPOSES

More information

PRESIDENT THE REPUBLIC OF INDONESIA

PRESIDENT THE REPUBLIC OF INDONESIA GOVERNMENT REGULATION OF NUMBER 18 YEAR 2015 CONCERNING INCOME TAX FACILITIES FOR CAPITAL INVESTMENT IN CERTAIN BUSINESS FIELDS AND/OR CERTAIN REGIONS BY THE BLESSING OF THE ONE AND ONLY ALMIGHTY GOD THE

More information

UNOFFICIAL CONSOLIDATED VERSION LAW ON ASSOCIATIONS AND FOUNDATIONS OF BOSNIA AND HERZEGOVINA. Article 1

UNOFFICIAL CONSOLIDATED VERSION LAW ON ASSOCIATIONS AND FOUNDATIONS OF BOSNIA AND HERZEGOVINA. Article 1 Official Gazette of BiH, 32/01, 42/03, 63/08, 76/11, 94/16 UNOFFICIAL CONSOLIDATED VERSION LAW ON ASSOCIATIONS AND FOUNDATIONS OF BOSNIA AND HERZEGOVINA PART I: ASSOCIATIONS AND FOUNDATIONS I.1. General

More information

BANK INDONESIA REGULATION NUMBER: 13/21/PBI/2011 CONCERNING MONITORING OF BANK ACTIVITY IN FOREIGN EXCHANGE FLOWS BY THE GRACE OF THE ALMIGHTY GOD

BANK INDONESIA REGULATION NUMBER: 13/21/PBI/2011 CONCERNING MONITORING OF BANK ACTIVITY IN FOREIGN EXCHANGE FLOWS BY THE GRACE OF THE ALMIGHTY GOD BANK INDONESIA REGULATION NUMBER: 13/21/PBI/2011 CONCERNING MONITORING OF BANK ACTIVITY IN FOREIGN EXCHANGE FLOWS BY THE GRACE OF THE ALMIGHTY GOD THE GOVERNOR OF BANK INDONESIA, Considering: a. whereas

More information

General National Taxes Ordinance (Algemene landsverordening Landsbelastingen) (P.B. 2001, no. 89) after incorporation of the amendments, the latest

General National Taxes Ordinance (Algemene landsverordening Landsbelastingen) (P.B. 2001, no. 89) after incorporation of the amendments, the latest General National Taxes Ordinance (Algemene landsverordening Landsbelastingen) (P.B. 2001, no. 89) after incorporation of the amendments, the latest one being the one published in P.B. 2013, no. 53 1 Annex

More information

GOVERNMENT OF THE REPUBLIC OF INDONESIA REGULATION NUMBER 27 YEAR 2017 REVISION TO GOVERNMENT REGULATION NUMBER 79 YEAR 2010

GOVERNMENT OF THE REPUBLIC OF INDONESIA REGULATION NUMBER 27 YEAR 2017 REVISION TO GOVERNMENT REGULATION NUMBER 79 YEAR 2010 GOVERNMENT OF THE REPUBLIC OF INDONESIA REGULATION NUMBER 27 YEAR 2017 ON REVISION TO GOVERNMENT REGULATION NUMBER 79 YEAR 2010 ON RECOVERABLE OPERATING COST AND THE TREATMENT OF INCOME TAX IN THE UPSTREAM

More information

THE GOVERNMENT SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness No. 78/2015/ND-CP Hanoi, September 14, 2015

THE GOVERNMENT SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness No. 78/2015/ND-CP Hanoi, September 14, 2015 THE GOVERNMENT SOCIALIST REPUBLIC OF VIETNAM ------- Independence - Freedom - Happiness --------------- No. 78/2015/ND-CP Hanoi, September 14, 2015 DECREE ENTERPRISE REGISTRATION Pursuant to the Law on

More information

-PwC Unofficial English Translation- MINISTER OF FINANCE REPUBLIC OF INDONESIA

-PwC Unofficial English Translation- MINISTER OF FINANCE REPUBLIC OF INDONESIA REGULATION NUMBER 256/PMK.011/2011 CONCERNING THE LIMITATION OF COST RECOVERY FOR INDIRECT HEAD OFFICE COST ALLOCATION IN RELATION TO THE CALCULATION OF PRODUCTION SHARING AND INCOME TAX FOR THE OIL AND

More information

ARTICLES OF ASSOCIATION OF PT INDOSAT Tbk NAME AND DOMICILE. Article 1

ARTICLES OF ASSOCIATION OF PT INDOSAT Tbk NAME AND DOMICILE. Article 1 ARTICLES OF ASSOCIATION OF PT INDOSAT Tbk NAME AND DOMICILE Article 1 This limited liability company shall be named: PT. Indosat Tbk, domiciled and having its head office in Central Jakarta with branches,

More information

Chapter 15: Integrity Measures (i) Overview

Chapter 15: Integrity Measures (i) Overview Chapter 15: Integrity Measures (i) Overview Intent: Program Integrity Measures cover a broad range of services that focus on ensuring, to the extent possible, that Income Support clients receive benefits

More information

PRESIDENT OF THE REPUBLIC OF INDONESIA REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 109 OF 2013 CONCERNING

PRESIDENT OF THE REPUBLIC OF INDONESIA REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 109 OF 2013 CONCERNING PRESIDENT OF THE REPUBLIC OF INDONESIA REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 109 OF 2013 CONCERNING THE GRADUAL STAGES OF SOCIAL SECURITY PROGRAM PARTICIPATION BY THE GRACE OF

More information

Procedural Rules for Shareholders Meeting. of Bank of China Limited

Procedural Rules for Shareholders Meeting. of Bank of China Limited Procedural Rules for Shareholders Meeting of Bank of China Limited Chapter 1 General Provisions Article 1 For the purpose of ensuring shareholders to legally exercise their functions and powers and shareholders

More information

The Microfinance Law (The Pyidaungsu Hluttaw Law No.13) The 5 th Waxing Day of Nadaw, 1373 M.E. (30 th, November, 2011)

The Microfinance Law (The Pyidaungsu Hluttaw Law No.13) The 5 th Waxing Day of Nadaw, 1373 M.E. (30 th, November, 2011) The Microfinance Law (The Pyidaungsu Hluttaw Law No.13) The 5 th Waxing Day of Nadaw, 1373 M.E. (30 th, November, 2011) The Pyidaungsu Hluttaw hereby enacts the following Law: Chapter I Title and Definition

More information

SPECIMEN I. ADMINISTRATIVE AUTHORITY II. SUBJECT OF APPLICATION

SPECIMEN I. ADMINISTRATIVE AUTHORITY II. SUBJECT OF APPLICATION Annex 1 to Decree No. 141/2011 Coll. SPECIMEN Application for a licence for the activities of a payment institution Notification of a change of information in the application for a licence for the activities

More information

We Beatrix, by the Grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.

We Beatrix, by the Grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc. Bulletin of Acts, Orders and Decrees of the Kingdom of the Netherlands Year of Publication 2010 334 Kingdom Act of July 7, 2010 on the rules for the financial supervision on the countries of Curaçao and

More information

GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA NUMBER 39 YEAR 2008

GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA NUMBER 39 YEAR 2008 GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA NUMBER 39 YEAR 2008 CONCERNING SECOND AMENDMENT TO GOVERNMENT REGULATION NUMBER 73 YEAR 1992 CONCERNING INSURANCE BUSINESS CONDUCT BY THE GRACE OF GOD

More information

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 46/PMK.08/2016 REGARDING AMENDMENT TO REGULATION OF THE MINISTER OF FINANCE

More information

Act on Personnel Funds (934/2010)

Act on Personnel Funds (934/2010) NB: Unofficial translation Ministry of Employment and the Economy, Finland 2011 Act on Personnel Funds (934/2010) Chapter 1 General provisions Section 1 Purpose of the Act The purpose of this Act is to

More information

Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 12/M-DAG/PER/3/2009

Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 12/M-DAG/PER/3/2009 ------------------------------------------ AUTHORIZED TRANSLATION ------------------------------------------ Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC

More information

Anti-Money Laundering, counter Terrorist Financing and sanctions Procedure

Anti-Money Laundering, counter Terrorist Financing and sanctions Procedure Anti-Money Laundering, counter Terrorist Financing and sanctions Procedure Approved by: The Management Board Appointed Control Person: Arsen Martyn Date of approval: 1.10.2018 References to external rules:

More information

A DECREE OF THE MINISTER OF FINANCE NUMBER 512/KMK.06/2002 CONCERNING DIRECT INSPECTION OF PENSION FUNDS

A DECREE OF THE MINISTER OF FINANCE NUMBER 512/KMK.06/2002 CONCERNING DIRECT INSPECTION OF PENSION FUNDS ANNEX IV.14 A DECREE OF THE MINISTER OF FINANCE NUMBER 512/KMK.06/2002 CONCERNING DIRECT INSPECTION OF PENSION FUNDS A DECREE OF THE MINISTER OF FINANCE NUMBER 512/KMK.06/2002 CONCERNING DIRECT INSPECTION

More information

The terms and conditions of delivery stated below apply in full to contracts with

The terms and conditions of delivery stated below apply in full to contracts with General terms and conditions of delivery SNR Schouten & Nelissen Recovery B.V. or The terms and conditions of delivery stated below apply in full to contracts with SNR Schouten & Nelissen Recovery B.V.

More information

Official Gazette of the Republic of Srpska Number 47/17 UNOFFICIAL TRANSLATION

Official Gazette of the Republic of Srpska Number 47/17 UNOFFICIAL TRANSLATION Official Gazette of the Republic of Srpska Number 47/17 UNOFFICIAL TRANSLATION Based on the Amendment XL, Paragraph 2 to the Constitution of Republika Srpska ( Official Gazette of Republika Srpska, No.

More information

ARTICLE OF ASSOCIATION PT. AKR Corporindo, Tbk

ARTICLE OF ASSOCIATION PT. AKR Corporindo, Tbk ARTICLE OF ASSOCIATION PT. AKR Corporindo, Tbk Article of Association of PT. AKR Corporindo, Tbk., as contained in the deed dated Number 5, dated July 5 th 2015, drawn before Aryanti Artisari, SH., M.Kn.,

More information

BHUMIBOL ADULYADEJ. REX., Given on the 4th day of April, B.E (1992) Being the 47th Year of the Present Reign

BHUMIBOL ADULYADEJ. REX., Given on the 4th day of April, B.E (1992) Being the 47th Year of the Present Reign Life Insurance Act, B.E. 2535 (1992) Translation BHUMIBOL ADULYADEJ. REX., Given on the 4th day of April, B.E. 2535 (1992) Being the 47th Year of the Present Reign By Royal Command of His Most Excellent

More information

MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA CAPITAL MARKET AND FINANCIAL INSTITUTION SUPERVISORY AGENCY

MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA CAPITAL MARKET AND FINANCIAL INSTITUTION SUPERVISORY AGENCY MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA DECISION OF CHAIRMAN OF CAPITAL MARKET AND FINANCIAL INSTITUTION SUPERVISORY AGENCY DUPLICATE OF DECISION OF CHAIRMAN OF CAPITAL MARKET AND FINANCIAL INSTITUTION

More information

Special Purpose Investment Companies Act Promulgated SG No. 46/ , amended, SG No. 109/ , effective 1.01.

Special Purpose Investment Companies Act Promulgated SG No. 46/ , amended, SG No. 109/ , effective 1.01. Special Purpose Investment Companies Act Promulgated SG No. 46/20.05.2003, amended, SG No. 109/16.12.2003, effective 1.01.2004, amended and supplemented, SG No. 107/7.12.2004, effective 7.12.2004 ----------

More information

Eva Rossidou Papakyriacou Senior Counsel of the Republic Head of the Unit for Combating Money Laundering (MOKAS)

Eva Rossidou Papakyriacou Senior Counsel of the Republic Head of the Unit for Combating Money Laundering (MOKAS) Eva Rossidou Papakyriacou Senior Counsel of the Republic Head of the Unit for Combating Money Laundering (MOKAS) The process by which criminals conceal the true origin and ownership of the proceeds of

More information

GUIDE TO FOUNDATIONS IN MAURITIUS

GUIDE TO FOUNDATIONS IN MAURITIUS GUIDE TO FOUNDATIONS IN MAURITIUS CONTENTS PREFACE 1 1. Introduction 2 2. Establishment 3 3. Registration 7 4. Management, Business and Administration 8 5. Removal, Restoration and Winding up 10 PREFACE

More information

INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 14 OF 2017

INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 14 OF 2017 INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 14 OF 2017 CONCERNING GUIDELINES AND PROCEDURES FOR CONTROL OF INVESTMENT

More information

UNOFFICIAL TRANSLATION

UNOFFICIAL TRANSLATION UNOFFICIAL TRANSLATION FINANCIAL SERVICES AUTHORITY REGULATION NUMBER 11/POJK.05/2014 CONCERNING ON SITE EXAMINATION OF NON-BANK FINANCIAL SERVICES INSTITUTIONS FINANCIAL SERVICES AUTHORITY REGULATION

More information

Chapter Two ESTABLISHING AND LICENSING OF SPECIAL PURPOSE INVESTMENT COMPANY

Chapter Two ESTABLISHING AND LICENSING OF SPECIAL PURPOSE INVESTMENT COMPANY Special Purpose Investment Companies Act Promulgated, SG No. 46/20.05.2003, amended, SG No. 109/16.12.2003, effective 1.01.2004, amended and supplemented, SG No. 107/7.12.2004, effective 7.12.2004, amended,

More information

VETERINARY FACILITIES ACT, B.E (1990)

VETERINARY FACILITIES ACT, B.E (1990) Unofficial Translation * VETERINARY FACILITIES ACT, B.E. 2533 (1990) BHUMIBOL ADULYADEJ, REX; Given on the 12 th Day of October B.E. 2533; Being the 45 th Year of the Present Reign. His Majesty King Bhumibol

More information

ANTI-BRIBERY BILL. Unofficial translation

ANTI-BRIBERY BILL. Unofficial translation ANTI-BRIBERY BILL Unofficial translation Anti-bribery Bill (2012, Pyidaungsu Hluttaw Law No. ),, 2374 ME (,, 2012) The Pyidaungsu Hluttaw prescribed this law. 1. (a) This law shall be known as Anti-bribery

More information

LAW ON BUSINESS COMPANIES

LAW ON BUSINESS COMPANIES D R A F T LAW ON BUSINESS COMPANIES I GENERAL PROVISIONS 1. Basic definitions Scope of this law Article 1 This Law shall regulate the legal status of business companies and entrepreneurs and in particular

More information

FYR MACEDONIA LAW ON TAKEOVER OF JOINT STOCK COMPANIES

FYR MACEDONIA LAW ON TAKEOVER OF JOINT STOCK COMPANIES FYR MACEDONIA LAW ON TAKEOVER OF JOINT STOCK COMPANIES Important Disclaimer This does not constitute an official translation and the translator and the EBRD cannot be held responsible for any inaccuracy

More information

THE PRESIDENT OF THE REPUBLIC OF INDONESIA REGULATION OF THE GOVERNMENT OF THE REPUBLIC OF INDONESIA

THE PRESIDENT OF THE REPUBLIC OF INDONESIA REGULATION OF THE GOVERNMENT OF THE REPUBLIC OF INDONESIA REGULATION OF THE GOVERNMENT OF THE REPUBLIC OF INDONESIA NUMBER 10 OF 2011 ON PROCEDURES OF FOREIGN LOANS PROCUREMENT AND GRANTS RECEIPT BY THE GRACE OF GOD ALMIGHTY Considering : a. that in order to

More information

COPY THE MINISTER OF FINANCE REGULATION OF THE REPUBLIC OF INDONESIA NUMBER 32/PMK.05/2014 STATE REVENUE ELECTRONIC SYSTEM

COPY THE MINISTER OF FINANCE REGULATION OF THE REPUBLIC OF INDONESIA NUMBER 32/PMK.05/2014 STATE REVENUE ELECTRONIC SYSTEM COPY THE MINISTER OF FINANCE REGULATION NUMBER 32/PMK.05/2014 ON STATE REVENUE ELECTRONIC SYSTEM BY THE GRACE OF GOD ALMIGHTY THE MINISTRY OF FINANCE, Considering : a. whereas in order to improve the management

More information

MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA

MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA OFFICIAL TRANSLATION MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER 08/M-DAG/PER/2/2017 CONCERNING SECOND AMENDMENT ON REGULATION

More information

PSP Swiss Property Ltd, Zug

PSP Swiss Property Ltd, Zug PSP Swiss Property Ltd, Zug Articles of Association ( Statuten ) of 3 April 2014 Unofficial English translation of the German original. Only the German original is legally binding. PSP Swiss Property Ltd

More information

MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA CAPITAL MARKET SUPERVISORY AGENCY

MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA CAPITAL MARKET SUPERVISORY AGENCY MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA CAPITAL MARKET SUPERVISORY AGENCY DUPLICATE OF DECISION OF CHAIRMAN OF CAPITAL MARKET AND FINANCIAL INSTITUTION SUPERVISORY AGENCY NUMBER: KEP-329/BL/2007 CONCERNING

More information

PROCLAMATION NO. /2016 TAX ADMINISTRATION PROCLAMATION

PROCLAMATION NO. /2016 TAX ADMINISTRATION PROCLAMATION PROCLAMATION NO. /2016 TAX ADMINISTRATION PROCLAMATION WHERAS, it is necessary to enact a separate tax administration proclamation governing the administration of domestic taxes with a view to render the

More information

OF THE REPUBLIC OF INDONESIA COPY FINANCIAL SERVICES AUTHORITY NUMBER: 3/POJK.05/2013 CONCERNING MONTHLY REPORTS FROM

OF THE REPUBLIC OF INDONESIA COPY FINANCIAL SERVICES AUTHORITY NUMBER: 3/POJK.05/2013 CONCERNING MONTHLY REPORTS FROM FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA COPY FINANCIAL SERVICES AUTHORITY NUMBER: 3/POJK.05/2013 CONCERNING MONTHLY REPORTS FROM NON-BANK FINANCIAL SERVICE INSTITUTIONS BY THE GRACE OF

More information

LAW on fast money transfer I. GENERAL PROVISIONS

LAW on fast money transfer I. GENERAL PROVISIONS Official Gazette of the Republoc of Macedonia no. 77/2003 LAW on fast money transfer I. GENERAL PROVISIONS Article 1 This Law shall regulate the manner and the terms and conditions on fast money transfer

More information

LAW OF MONGOLIA ON COMBATING MONEY LAUNDERING AND TERRORISM FINANCING. Chapter one General provisions

LAW OF MONGOLIA ON COMBATING MONEY LAUNDERING AND TERRORISM FINANCING. Chapter one General provisions LAW OF MONGOLIA ON COMBATING MONEY LAUNDERING AND TERRORISM FINANCING Chapter one General provisions Article 1. The purpose of the law 1. The purpose of this law is to regulate relations, concerned with

More information

COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 217/PMK.02/2011 CONCERNING

COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 217/PMK.02/2011 CONCERNING COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 217/PMK.02/2011 CONCERNING PROCEDURES FOR BUDGET PROVISION, CALCULATION, PAYMENT, AND ACCOUNTABILITY OF PARTICULAR TYPE

More information

ANNEX I.34. LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 YEAR 2007 Concerning LIMITED LIABILITY COMPANY

ANNEX I.34. LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 YEAR 2007 Concerning LIMITED LIABILITY COMPANY ANNEX I.34 LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 YEAR 2007 Concerning LIMITED LIABILITY COMPANY 1 LAW OF REPUBLIC OF INDONESIA NUMBER 40 YEAR 2007 ON LIMITED LIABILITY COMPANY UPON THE MERCY OF GOD

More information

Adjustment of International Taxes Act

Adjustment of International Taxes Act Adjustment of International Taxes Act INTRODUCTION Details of Enactment and Amendment Enactment: This Act was enacted in 1995 opportunely at this time when the World Trade Organization (WTO) is about to

More information

Anti-Money Laundering Act (No.2), B.E (2008) Translation

Anti-Money Laundering Act (No.2), B.E (2008) Translation Anti-Money Laundering Act (No.2), B.E. 2551 (2008) Translation BHUMIBOL ADULYADEJ, REX Given this on 19 February 2551 (2008) Being the 63rd year of the present reign His Majesty King Bhumibol Adulyadej

More information

CHAPTER 83. Payday Loans Act

CHAPTER 83. Payday Loans Act 2nd SESSION, 63rd GENERAL ASSEMBLY Province of Prince Edward Island 58 ELIZABETH II, 2009 CHAPTER 83 (Bill No. 69) Payday Loans Act Honourable L. Gerard Greenan Attorney General GOVERNMENT BILL MICHAEL

More information