It is believed that tax incentives can increase foreign exchange earnings from exports or DHE.
Audio BeritaPlease note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atJAKARTA, KOMPAS — The government continues to encourage exchange rate stabilization in the country.
The regulation governs the final Income Tax rate for natural resource exporters who place DHE in monetary instruments or financial instruments within the country. In addition, this regulation also governs DHE which is kept in Indonesian rupiah currency after being converted from foreign currency. For DHE held in rupiah for more than six months, a 0 percent income tax rate applies. Meanwhile, for placements of 3-6 months, a rate of 2.5 percent applies. For placements of 1-3 months, a rate of 5 percent applies.
"So this will positively encourage the placement of DHE SDA to increase it, and of course not only support economic stability, but alsoAdded by Senior Deputy Governor of BI Destry Damayanti, the tax incentive regulation is believed to increase DHE more towards the domestic financial system. The Foreign Exchange DHE Time Deposit will take effect on March 1, 2023. The duration of this Foreign Exchange Time Deposit is offered for the first time for tenors of 1, 3, and 6 months.
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