INDONESIA - TAXATION - Tax for Capital Gain of Shares Raised to 2.5%

www.theindonesiatoday.com -JAKARTA, Indonesia Today - Tax General Directorate plans to impose 2.5% tax to capital gain from shares transaction undertaken by the founder of listed companies, compared to current 0.5% tax, Bisnis Indonesia reported this morning.

Fuad Rahmany, Tax Directorate General, said his office is now preparing this plan which will be formulated in the government regulation.

Currently, the tax for capital gain of shares transaction is stipulated on PP No. 14/1997 regarding Income Tax over Income of Shares Transaction at Stock Exchange. (source)