Market Taxation Guide - Indonesia
This Market Taxation Guide (Indonesia) provides the following details:
- Reference information about all taxes applied at source to securities deposited in Clearstream Banking1; 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 clients 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 bonds | Holding restriction | Withholding tax rate | Relief at source | Quick refund | Standard refund |
No | 10% a | ||||
Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Indonesia market. | No | No | No | ||
| Equities | Holding restriction | Withholding tax rate | Relief at source | Quick refund | Standard refund |
No | 20% | ||||
Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Indonesia market. | No | No | No | ||
a. The standard rate of withholding on interests from Indonesian Government bonds is 10%. 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.
Clients 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.
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1. “Clearstream Banking” refers collectively to Clearstream Banking S.A. and Clearstream Banking AG (for Clearstream Banking AG clients using Creation accounts).