EXCHANGE VALUE AS THE BASIS FOR PAYMENT OF IMPORT DUTY, VALUE ADDED TAX OF GOODS AND SERVICES AND SALES TAX ON LUXURY GOODS

Weigh

a.
that for settlement of Import Duty, Value Added Tax on Goods and Services and Sales Tax on Luxury Goods, Export Duty, and Income Tax on Importation of Goods, Taxes Payable relating to Value Added Tax on Goods and Services and Sales Tax on Luxury Goods, Export Duty, and Income received or earned in the form of foreign currency, must first be assessed in Rupiah;
b.
that based on the considerations as referred to in letter a, it is necessary to stipulate a Decree of the Minister of Finance concerning Exchange Rates as the basis for Settlement of Import Duties, Value Added Taxes on Goods and Services, and Sales Tax on Luxury Goods, Export Duties, and Income Taxes valid for January 19, 2022, until by January 25, 2022;

Remember

1.
Law Number 7 of 1983 concerning Income Tax (State Gazette of the Republic of Indonesia of 1983 Number 50, Supplement to the State Gazette of the Republic of Indonesia Number 3263) as last amended by Law Number 36 of 2008 (State Gazette of the Republic of Indonesia of 2008 Number 133) ;
2.
Law Number 8 of 1983 concerning Value Added Tax of Goods and Services and Sales Tax of Luxury Goods (State Gazette of the Republic of Indonesia of 1983 Number 51, Supplement to the State Gazette of the Republic of Indonesia Number 3264) as last amended by Law Number 42 of 2009 (State Gazette of the Republic of Indonesia of 2009 Number 150);
3.
Law Number 10 of 1995 concerning Customs (State Gazette of the Republic of Indonesia of 1995 Number 75, Supplement to the State Gazette of the Republic of Indonesia Number 3612) as last amended by Law Number  17 of 2006 (State Gazette of the Republic of Indonesia of 2006 Number 93, Supplement State Gazette of the Republic of Indonesia Number 4661);
4.
Law Number 11 of 1995 concerning Excise (State Gazette of the Republic of Indonesia of 1995 Number 76, Supplement to the State Gazette of the Republic of Indonesia Number 3613) as last amended by Law Number 39 of 2007 (State Gazette of the Republic of Indonesia of 2007 Number 105, Supplement State Gazette of the Republic of Indonesia Number 4755);
5.
Regulation of the Minister of Finance Number 227/PMK.04/2015 concerning Currency Exchange Rates Used for Calculation and Payment of Import Duties;
6.
Regulation of the Minister of Finance Number 217/PMK.01/2018 concerning the Organization and Work Procedure of the Ministry of Finance as amended several times, most recently by Regulation of the Minister of Finance Number 229/PMK.01/2019 concerning the Second Amendment to the Regulation of the Minister of Finance Number 217/PMK.01/ 2018 concerning the Organization and Work Procedure of the Ministry of Finance; and
7.
Decree of the Minister of Finance Number 542/KMK.01/2019 concerning Delegation of Authority of the Minister of Finance in the form of a Mandate to Officials within the Fiscal Policy Agency;
DECIDE:

Setting

DECREE OF THE MINISTER OF FINANCE CONCERNING EXCHANGE VALUE AS THE BASIS FOR PAYMENT OF IMPORT DUTY, VALUE-ADDED TAX OF GOODS AND SERVICES, AND SALES TAX ON LUXURY GOODS, EXPORT DUTY, AND INCOME TAX APPLY TO JANUARY 19, 2022, 25 JANUARY 2022.

FIRST

To stipulate the Exchange Rate as the Basis for Settlement of Import Duties, Value Added Taxes on Goods and Services and Sales Tax on Luxury Goods, Export Duties, and Income Taxes valid for January 19, 2022, to January 25, 2022, as follows:
No.
Rp
Currency
No.
Rp
Currency
1.
14.309,00
United States Dollar (USD)
1,-
14.
8,03
Myanmar Kyat (MMK)
1,-
2.
10.346,84
Dolar Australia (AUD)
1,-
15.
193,41
rupee India (INR)
1,-
3.
11.386,17
The Canadian dollar (CAD)
1,-
16.
47.298,74
Kuwait Dinar (KWD)
1,-
4.
2.192,26
kroner Denmark (DKK)
1,-
17.
81,11
Rupee Pakistan (PKR)
1,-
5.
1.836,72
Hong Kong dollar (HKD)
1,-
18.
279,65
Philippine peso (PHP)
1,-
6.
3.418,20
Malaysian Ringgit (MYR)
1,-
19.
3.812,76
riyal Arab Saudi (SAR)
1,-
7.
9.748,15
New Zealand dollar (NZD)
1,-
20.
70,92
rupee Sri Lanka (LKR)
1,-
8.
1.633,22
kroner Norway (NOK)
1,-
21.
428,84
baht Thailand (THB)
1,-
9.
19.544,09
British Pounds (GBP)
1,-
22.
10.596,44
Brunei Darussalam dollar (BND)
1,-
10.
10.605,54
Singapore Dollar (SGD)
1,-
23.
16.312,55
euros
1,-
11.
1.588,11
kroner Sweden (SEK)
1,-
24.
2.246,81
Chinese renminbi (CNY)
1,-
12.
15.586,81
franc Swiss (CHF)
1,-
25.
12,01
won Korea (KRW)
1,-
13.
12.474,50
Japanese yen (JPY)
100,-

SECOND

If other foreign exchange rates are not listed in the FIRST dictum, the exchange rate used as the basis for settlement is the daily spot rate of the foreign currency concerned in the international market against the United States dollar prevailing at the close of the previous working day and multiplied by the rupiah exchange rate against the United States dollar. as stipulated in this Decree of the Minister of Finance.

THIRD

This Ministerial Decree is valid for January 19, 2022, until January 25, 2022.
A copy of this Minister’s Decision is submitted to:
1.
Secretary-General of the Ministry of Finance;
2.
Director-General of Taxes;
3.
Director-General of Customs and Excise.
Set in Jakarta
on January 18, 2022
a MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA,
HEAD OF FISCAL POLICY AGENCY
Ltd.
FEBRIO NATHAN KACARIBU

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