Market Taxation Guide - Indonesia

10.10.2016

This Market Taxation Guide (Indonesia) provides the following details:

  • Reference information about all taxes applied at source, through Clearstream Banking and its local depositories, to securities deposited in Clearstream Banking; and
  • Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through Clearstream Banking.

New and improved tax information and procedures that become available will be included on an ongoing basis.

Important note:

This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered to be legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.

Withholding tax

Government bondsHolding
restriction
Withholding
tax rate
Relief
at source
Quick
refund
Standard
refund
No20% a
Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Indonesia market.NoNoNo
EquitiesHolding
restriction
Withholding
tax rate
Relief
at source
Quick
refund
Standard
refund
No20%
Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Indonesia market.NoNoNo

a. The standard rate of withholding on interests from Indonesian Government bonds is 20%. The calculation of withholding tax on interests will be based on the holding period of the bonds, this is to determine the accrued interest that will become subject to the withholding tax.

Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Indonesia market.

Customers are advised to engage a local tax agent for all tax related matters according to market practice. 

Capital gains tax

There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.

Stamp Duty

There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.