Showing posts with label income tax. Show all posts
Showing posts with label income tax. Show all posts

Monday, January 23, 2012

INDONESIA - REGULATIONS - Sharia financing imposed with same tax as conventional

JAKARTA: The government affirms the taxation for sharia financing to match with the regulation for conventional one.

As stated in Finance Minister Regulation No. 137/PMK.03/2011, leasing based on Islamic principles (ijarah and ijarah muntahiyah bittamlik) will be imposed with tax the same as operating lease and financial lease.
  (source)