DECREE OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA
NUMBER 8/KM.10/2024
CONCERNING
INTEREST RATES AS THE BASIS FOR CALCULATION OF ADMINISTRATIVE SANCTIONS IN THE FORM OF INTEREST AND PROVISION OF INTEREST REWARDS FOR THE PERIOD OF 1 MAY 2024 TO 31 MAY 2024
MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA,
Considering:
that based on the FIFTH Dictum of Minister of Finance Decree Number 488/KMK.010/2021 concerning Interest Rates as a Basis for Calculating Administrative Sanctions in the Form of Interest and Providing Interest Remuneration, the authority to determine monthly interest rates as a basis for calculating administrative sanctions in the form of interest and providing interest compensation for the following period delegated in the form of a mandate to the Head of the Fiscal Policy Agency for and on behalf of the Minister of Finance;
that based on the considerations as intended in letter a, as well as to implement the provisions of Article 8 paragraph (2), Article 8 paragraph (2a), Article 8 paragraph (5), Article 9 paragraph (2a), Article 9 paragraph (2b), Article 11 paragraph (3), Article 13 paragraph (2), Article 13 paragraph (2a), Article 13 paragraph (3b), Article 14 paragraph (3), Article 17B paragraph (3), Article 17B paragraph (4), Article 19 paragraph (1), Article 19 paragraph (2), Article 19 paragraph (3), and Article 27B paragraph (4) of Law Number 6 of 1983 concerning General Provisions and Tax Procedures as amended several times, most recently by Law Number 7 of 2021 concerning Harmonization of Tax Regulations, it is necessary to stipulate a Decree of the Minister of Finance concerning Interest Rates as the Basis for Calculating Administrative Sanctions in the Form of Interest and Providing Interest Rewards for the Period 1 May 2024 to 31 May 2024;
Remember :
Law Number 6 of 1983 concerning General Provisions and Tax Procedures (State Gazette of the Republic of Indonesia of 1983 Number 49, Supplement to State Gazette of the Republic of Indonesia Number 3262) as has been amended several times, most recently by Law Number 7 of 2021 concerning Harmonization of Regulations Taxation (State Gazette of the Republic of Indonesia 2021 Number 246, Supplement to the State Gazette of the Republic of Indonesia Number 6736);
Decree of the Minister of Finance Number 488/KMK.010/2021 concerning Interest Rates as a Basis for Calculating Administrative Sanctions in the Form of Interest and Providing Interest Rewards;
DECIDE:
To stipulate:
DECISION OF THE MINISTER OF FINANCE CONCERNING INTEREST RATES AS THE BASIS FOR CALCULATION OF ADMINISTRATIVE SANCTIONS IN THE FORM OF INTEREST AND PROVISION OF INTEREST REWARDS FOR THE PERIOD OF 1 MAY 2024 TO 31 MAY 2024.
FIRST:
Determine the monthly interest rate as the basis for calculating administrative sanctions in the form of interest and the provision of interest compensation which is valid from 1 May 2024 to 31 May 2024 as follows.
A. Administrative Sanctions:
No. | Provisions in the Law regarding General Provisions and Tax Procedures | Interest rate per month |
1. | Article 19 paragraph (1), Article 19 paragraph (2), and Article 19 paragraph (3) | 0.57% (zero point five seven percent) |
2. | Article 8 paragraph (2), Article 8 paragraph (2a), Article 9 paragraph (2a), Article 9 paragraph (2b), and Article 14 paragraph (3) | 0.99% (zero point nine nine percent) |
3. | Article 8 paragraph (5) | 1.40% (one point forty percent) |
4. | Article 13 paragraph (2) and Article 13 paragraph (2a) | 1.82% (one point eight two percent) |
5. | Article 13 paragraph (3b) | 2.24% (two point two four percent) |
B. Interest Rewards:
Provisions in the Law regarding General Provisions and Tax Procedures | Interest rate per month |
Article 11 paragraph (3), Article 17B paragraph (3), Article 17B paragraph (4), and Article 27B paragraph (4) | 0.57% (zero point five seven percent) |
SECOND:
This Ministerial Decree will come into force on 1 May 2024.
A copy of this Ministerial Decree shall be submitted to:
Minister of Finance;
Deputy Minister of Finance;
Secretary General of the Ministry of Finance; And
Director General of Taxes, Ministry of Finance.
Stipulated in Jakarta
on April 26 2024
a.n. MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA
HEAD OF FISCAL POLICY AGENCY
Signed electronically
FEBRIO NATHAN KACARIBU
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