I. Income
Tax
a.
Transfer of property
i.
Profit/gain from property transfer in a liquidation process is object of
Tax Income (Article 4 paragraph 1 letter d of Law on Income Tax)
ii.
Value of Transferred Property is market value unless stipulated otherwise by
the Minister of Finance (article 10 paragraph 3 Law on Income Tax)
b.
Dividend
i.
Repayment due to liquidation in excess of paid-in capital to shareholders is
the dividend which is the object of tax. This is in accordance with article 4
paragraph (1) letter g Income Tax Act. If these conditions are met, liquidated
the company is obliged to withhold income tax article 23. If the shareholder is
subject to foreign tax, income tax cuts made according to article 26 or P3B
c.
Profit Debt Relief
i.
In accordance with article 4 paragraph (1) letter k Income Tax Act, income is
the profit due to debt relief, except to a certain amount stipulated by
Government Regulation. Government Regulation provides that discharge of
indebtedness of small debtors, such as a family business credit prasejahtera
(Kukesra), farm credit (KUT), people\'s business credit (KUR), credit for
housing is very simple, as well as other small loans up to a certain amount of
tax exempted as an object . Terms are governed by Regulation No. 130 of 2000
and according to the rules of the privileges granted during the credits does
not exceed USD 350 million
II. VAT
a.
Tax object
i.
Under article 1 A (2) and article 16 VAT Act D, taxable goods (BKP) in the form
of assets which, according to its original purpose is not to be traded,
remaining at the liquidation of the company, and the input tax on the acquisition
can not be credited as intended in Article 9 paragraph (8) b and c. Included in
this definition is as follows
1. The
acquisition of taxable goods or taxable services that have no direct connection
with business activities
2.
Acquisition and maintenance of motor vehicles in the form of sedan and station
wagon, except the merchandise or leased
b.
Stock
i.
Taxable goods, in the form of stock or assets which, according to its original
purpose is not to be traded, remaining at the liquidation of the company
(Article 1A paragraph (1) letter e Law on VAT). In other words, if supplies
qualify as a taxable item, the provisions were not originally for sale, will be
subject to VAT
III. Tax
Billing
a.
If there are signs the company will dissolve the firm, billing done
instantaneously and simultaneously (article 20 paragraph 2 UU KUP)
ii. According to Article 21 paragraph (1) Law KUP, the state has the right to tax debt mendahulu on property taxes insurer, unless things happen following
ii. According to Article 21 paragraph (1) Law KUP, the state has the right to tax debt mendahulu on property taxes insurer, unless things happen following
i.
Court fee is due only to a conviction for an auction of movable or
immovable and
ii.
costs incurred to salvage the goods
iii.
Court fee, which only caused by the auction and settlement of a legacy.
IV. The transfer
of rights to land and or buildings that meet the provisions of Regulation No.
48 of 1994 jo. PP No. 71 year 1998 income tax payable amounting to 5% of the
value of the transfer
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