Monthly Archives: August 2016

Recordation of the Deed of Transfer of Shares from Foreign Taxpayers

Background A tax on the ‘gains’ (profits) of sale of shares of Domestic Limited Liability Companies (“Domestic Company”) which is conducted by a Foreign Taxpayer, where the company is not the issuer or Public Company, is specifically regulated in the Decree of Minister of Finance of Republic of Indonesia Number: 434/KMK.04/1999 on Income Tax Deduction…
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