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 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 April 6, 2022, until by April 12, 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 amended several times, most recently by Law Number 7 of 2021 concerning Harmonization of Tax Regulations (State Gazette of the Republic of Indonesia) Indonesia Year 2021 Number 246, Supplement to the State Gazette of the Republic of Indonesia Number 6736);
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 amended several times, most recently by Law Number 7 2021 concerning Harmonization of Tax Regulations (State Gazette of the Republic of Indonesia Year 2021 Number 246, Supplement to the State Gazette of the Republic of Indonesia Number 6736);
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 amended by Law Number 17 of 2006 concerning Amendments to Law Number 10 of 1995 concerning Customs (State Gazette of the Republic of Indonesia of 2006 Number 93, Supplement to the 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 amended several times, most recently by Law Number 7 of 2021 concerning Harmonization of Tax Regulations (State Gazette of the Republic of Indonesia 2021 Number 246, Supplement to the State Gazette of the Republic of Indonesia Number 6736);
5.
Regulation of the Minister of Finance Number 227/PMK.04/2015 concerning Currency Exchange Rates Used for Calculation and Payment of Import Duties (State Gazette of the Republic of Indonesia Year 2015 Number 1897);
6.
Regulation of the Minister of Finance Number 118/PMK.01/2021 concerning the Organization and Work Procedure of the Ministry of Finance (State Gazette of the Republic of Indonesia of 2021 Number 1031);
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;
8.
Decree of the Minister of Finance Number 34/KMK.01/2021 concerning Trial of the Use of Electronic Signatures in the Process of Determining KMK in Electronic Form.
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 APPLIES TO APRIL 6, 2022. APRIL 6, 2022.

FIRST

To determine the Exchange Rate as the basis for the settlement of Import Duties, Value Added Taxes on Goods and Services and Sales Tax on Luxury Goods, Export Duties, and Income Taxes valid for April 6, 2022, to April 12, 2022, as follows:
No.
Rp
Currency
No.
Rp
Currency
1.
14.359,00
United States Dollar (USD)
1,-
14.
8,11
Myanmar Kyat (MMK)
1,-
2.
10.764,79
Dolar Australia (AUD)
1,-
15.
189,02
rupee India (INR)
1,-
3.
11.482,81
The Canadian dollar (CAD)
1,-
16.
47.204,02
Kuwait Dinar (KWD)
1,-
4.
2.136,51
kroner Denmark (DKK)
1,-
17.
78,34
Rupee Pakistan (PKR)
1,-
5.
1.833,77
Hong Kong dollar (HKD)
1,-
18.
276,50
Philippine peso (PHP)
1,-
6.
3.410,53
Malaysian Ringgit (MYR)
1,-
19.
3.827,36
riyal Arab Saudi (SAR)
1,-
7.
9.959,84
New Zealand dollar (NZD)
1,-
20.
48,80
rupee Sri Lanka (LKR)
1,-
8.
1.650,38
kroner Norway (NOK)
1,-
21.
428,96
baht Thailand (THB)
1,-
9.
18.829,27
British Pounds (GBP)
1,-
22.
10.591,03
Brunei Darussalam dollar (BND)
1,-
10.
10.586,90
Singapore Dollar (SGD)
1,-
23.
15.892,32
euros
1,-
11.
1.532,84
kroner Sweden (SEK)
1,-
24.
2.254,51
Chinese renminbi (CNY)
1,-
12.
15.480,18
franc Swiss (CHF)
1,-
25.
11,80
won Korea (KRW)
1,-
13.
11.715,92
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 on 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 comes into force from April 6, 2022, until April 12, 2022.
A copy of this Minister’s Decision is submitted to:
1.
Minister of Finance;
2.
Deputy Minister of Finance;
3.
Secretary-General of the Ministry of Finance;
4.
Director-General of Taxes;
5.
Director-General of Customs and Excise.
Set in Jakarta
on April 5, 2022
a MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA
HEAD OF FISCAL POLICY AGENCY
Ltd.
FEBRIO NATHAN KACARIBU

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