Indonesia: Reduction in the withholding tax rate on coupons


Clearstream Bankinginforms customers that with effect from

2 August 2021

the withholding tax rate will be reduced from 20% to 10% for coupons in Indonesian government bonds.


The Indonesian Government tax Regulation number 9, year 2021 contains measures aiming to facilitate business. Some provisions from this regulation includes reduction of maximum income tax rate from bond income.

Impact on customers

Coupons payments in government bonds processed from 2 August 2021 will be paid with a 10% withholding tax rate.

Further information

The Market Taxation Guide - Indonesia will be updated in due course.

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.


1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.