a.

that the provisions on the threshold of small-scale Value Added Tax entrepreneurs have been regulated under the Minister of Finance Regulation Number 68/PMK.03/2010 concerning the Threshold of Small- Scale Value Added Tax Entrepreneurs;

b.

that to provide convenience to entrepreneurs with certain gross turnover and/or gross revenues, it is necessary to adjust the provisions on the threshold of small-scale Value Added Tax entrepreneurs referred to in letter a;

c.

that based on the considerations referred to in letter a and letter b as well as to implement the provisions under Article 3A paragraph (1) of Law Number 8 of 1983 concerning Value Added Tax on Goods and Services and Sales Tax on Luxury Goods as amended several times, last amended by Law Number 42 of 2009, it is necessary to enact a Minister of Finance Regulation concerning the Amendment to the Minister of Finance Regulation Number 68/PMK.03/2010 Concerning the Threshold of Small-Scale Value Added Tax Entrepreneurs.

 

 

 

Minister of Finance Regulation Number 68/PMK.03/2010 concerning the Threshold of Small-Scale Value Added Tax Entrepreneurs;

 

 

 

MINISTER OF FINANCE REGULATION CONCERNING THE AMENDMENT TO THE MINISTER OF FINANCE REGULATION NUMBER 68/PMK.03/2010 CONCERNING THE THRESHOLD OF SMALL-SCALE VALUE ADDED TAX ENTREPRENEURS.

 

 

 

Some provisions under the Minister of Finance Regulation Number 68/PMK.03/2010 concerning the Threshold of Small-Scale Value Added Tax Entrepreneurs are amended as follows:

 

 

 

1.

The provisions of (1) Article 1 are amended, thereby, Article 1 reads as follows:

 

 

 

 

 

(1)

A small-scale entrepreneur is an entrepreneur that for 1 (one) accounting year supplies Taxable Goods and/or Taxable Services with a total gross turnover and/or gross revenues of not more than IDR4,800,000,000.00 (four billion and eight hundred million rupiah).

 

(2)

Total gross turnover and/or gross revenues referred to in paragraph (1) are the total supplies of Taxable Goods and/or Taxable Services by entrepreneurs in the course of their business.

 

(3)

For individual entrepreneurs excluded from the obligation to maintain bookkeeping, the definition of the accounting year referred to in paragraph (1) is the calendar year.

 

 

 

2.

The provisions of Article 4 are amended, thereby, it reads as follows:

 

 

 

 

 

(1)

Entrepreneurs are required to report their business for VAT registration, if up to one month in the accounting year, the total gross turnover and/or gross revenues exceed IDR4,800,000,000.00 (four billion and eight hundred million rupiah).

 

(2)

The obligation to report business for VAT registration referred to in paragraph (1) is carried out no later than the end of the following month after the month the total gross turnover and/or gross revenues exceed IDR4,800,000,000.00 (four billion and eight hundred million rupiah).

 

 

 

3.

The provisions of Article 5 are amended, thereby, it reads as follows:

 

 

 

 

 

 

4.

The provisions of Article 7 are amended, thereby, it reads as follows:

 

 

 

 

 

If entrepreneurs have been registered as Taxable Persons and the total gross turnover and/or gross revenues in 1 (one) accounting year do not exceed IDR4,800,000,000.00 (four billion and eight hundred million rupiah), the Taxable Persons may apply for VAT deregistration.

 

 

 

This Ministerial Regulation shall come into force on 1 January 2014.

 

 

 

For public cognisance, this Ministerial Regulation shall be promulgated by placement in the Official Gazette of the Republic of Indonesia.

 

 

 

Enacted in Jakarta
on 20 December 2013

MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA,

signed

MUHAMAD CHATIB BASRI

 

Promulgated in Jakarta
on 20 December 2013

MINISTER OF LAW AND HUMAN RIGHTS OF THE REPUBLIC OF INDONESIA,

signed

AMIR SYAMSUDIN

 

OFFICIAL GAZETTE OF THE REPUBLIC OF INDONESIA OF 2013 NUMBER 1521