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Minister of Finance Decree Number: 16/KM.10/KF.4/2024

Decree of the Minister of Finance of the Republic of Indonesia

Number 16/Km.10/KF.4/2024


concerning


the Exchange Value as the basis for repayment of import duties, added tax on the value of goods and services and sales tax on luxury goods, export duties, and income tax applicable for the 24th APRIL 2024 UNTIL 30 APRIL 2024


MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA,


Considering:


  1. that for the purposes of repayment of Import Duty, Value Added Tax on Goods and Services and Sales Tax on Luxury Goods, Export Duty and Income Tax on Imported Goods, Tax Debt relating to Value Added Tax on Goods and Services and Sales Tax on Luxury Goods, Export Duty , and Income received or obtained in the form of foreign money, must first be valued in Rupiah;

  2. that based on the considerations as intended in letter a, it is necessary to stipulate a Decree of the Minister of Finance regarding the Exchange Rate as the Basis for Payment of Import Duty, Value Added Tax on Goods and Services and Sales Tax on Luxury Goods, Export Duty and Income Tax which is valid for April 24 2024 until by April 30, 2024;

Remember :



  1. Law Number 7 of 1983 concerning Income Tax (State Gazette of the Republic of Indonesia of 1983 Number 50, Supplement to 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 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 on Goods and Services and Sales Tax on Luxury Goods (State Gazette of the Republic of Indonesia of 1983 Number 51, Supplement to 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 of 2021 Number 246, Supplement to 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 State Gazette of the Republic of Indonesia Number 3612) as last 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 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 Year 2021 Number 246, Supplement to the State Gazette of the Republic of Indonesia Number 6736);

  5. Minister of Finance Regulation Number 227/PMK.04/2015 Concerning Currency Exchange Rates Used for Calculation and Payment of Import Duties (State Gazette of the Republic of Indonesia of 2015 Number 1897);

  6. Minister of Finance Regulation Number 118/PMK.01/2021  concerning the Organization and Work Procedures of the Ministry of Finance (State Gazette of the Republic of Indonesia of 2021 Number 1031) as amended several times, most recently by Minister of Finance Regulation Number 135/PMK.01/2023 concerning the Second Amendment to Regulation of the Minister of Finance Number 118/PMK.01/2021 concerning the Organization and Work Procedures of the Ministry of Finance (State Gazette of the Republic of Indonesia of 2023 Number 977);

  7. Decree of the Minister of Finance Number 514/KM.1/SJ.2/2019 concerning Job Descriptions for Structural Positions within the Fiscal Policy Agency;

  8. Decree of the Minister of Finance of the Republic of Indonesia Number 364 of 2023 concerning Delegation of Authority of the Minister of Finance in the Form of Mandate to Officials within the Fiscal Policy Agency;


 

DECIDE :

Determine:


DECREE OF THE MINISTER OF FINANCE CONCERNING THE EXCHANGE VALUE AS THE BASIS FOR PAYMENT OF IMPORT DUTY, VALUE ADDED TAX ON GOODS AND SERVICES AND SALES TAX ON LUXURY GOODS, EXPORT DUTY AND INCOME TAX APPLICABLE FROM 24 APRIL 2024 TO 30 APRIL 2024 .


 


FIRST:

 


Determine the exchange rate as the basis for payment of import duties, value added tax on goods and services and sales tax on luxury goods, export duties and income tax in effect from 24 April 2024 to 30 April 2024 as follows:


No.

Mark

 

Currency

Unit

1.

Rp

16,150.00

 

For United States Dollars (USD)

1-

2.

Rp

10,373.60

 

For Australian Dollars (AUD)

1-

3.

Rp

11,717.94

 

For Canadian Dollars (CAD)

1-

4.

Rp

2,303.59

 

For Danish Kroner (DKK)

1-

5.

Rp

2,062.20

 

For Hong Kong Dollars (HKD)

1-

6.

Rp

3,373.22

 

For Malaysian Ringgit (MYR)

1-

7.

Rp

9,525.44

 

For New Zealand Dollars (NZD)

1-

8.

Rp

1,468.02

 

To Norwegian Kroner (NOK)

1-

9.

Rp

20,067.64

 

For British Pound Sterling (GBP)

1-

10.

Rp

11,852.97

 

For Singapore Dollars (SGD)

1-

11.

Rp

1,476.61

 

To Swedish Kroner (SEK)

1-

12.

Rp

17,715.61

 

For Swiss Francs (CHF)

1-

13.

Rp

10,450.26

 

For Japanese Yen (JPY)

100-

14.

Rp

8.31

 

For Myanmar Kyat (MMK)

1-

15.

Rp

193.40

 

To Indian Rupee (INR)

1-

16.

Rp

51,875.28

 

For Kuwaiti Dinar (KWD)

1-

17.

Rp

58.20

 

For Pakistani Rupee (PKR)

1-

18.

Rp

282.49

 

For Philippine Pesos (PHP)

1-

19.

Rp

4,305.00

 

For Saudi Arabian Riyals (SAR)

1-

20.

Rp

53.75

 

For Sri Lankan Rupees (LKR)

1-

21.

Rp

438.35

 

For Thai Baht (THB)

1-

22.

Rp

11,830.96

 

For Brunei Darussalam Dollars (BND)

1-

23.

Rp

17,187.59

 

For Euro (EUR)

1-

24.

Rp

2,226.36

 

For Chinese Yuan Renminbi (CNY)

1-

25.

Rp

11.67

 

For Korean Won (KRW)

1-



 


SECOND:In the event that other foreign exchange rates are not listed in the FIRST Dictum, the exchange rate used as the basis for repayment is the daily spot rate of the relevant foreign currency on the international market against the United States dollar in effect at the close of the previous working day and multiplied by the rupiah exchange rate against the dollar. United States as stipulated in this Decree of the Minister of Finance.

 

THIRD :



This Ministerial Decree will come into effect from 24 April 2024 to 30 April 2024.

This Ministerial Decree is conveyed 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; And

  6. Head of the Fiscal Policy Agency.


 




Stipulated in Jakarta


on April 23 2024


THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIAPlh. HEAD OF THE CENTER FOR MACROECONOMIC POLICY,

Electronically signed

 

RAHADIAN ZULFADIN

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