Research Article
The Imposition of Income Tax on Contract Investment Collective-Asset Backed Securities Transactions in Indonesia
@INPROCEEDINGS{10.4108/eai.5-8-2020.2301219, author={Fatmah Shabrina and Wulandari Kartika Sari and Milla Sepliana Setyowati}, title={The Imposition of Income Tax on Contract Investment Collective-Asset Backed Securities Transactions in Indonesia}, proceedings={Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia}, publisher={EAI}, proceedings_a={ICBAE}, year={2020}, month={10}, keywords={asset-backed securities margin income withholding income tax}, doi={10.4108/eai.5-8-2020.2301219} }- Fatmah Shabrina
Wulandari Kartika Sari
Milla Sepliana Setyowati
Year: 2020
The Imposition of Income Tax on Contract Investment Collective-Asset Backed Securities Transactions in Indonesia
ICBAE
EAI
DOI: 10.4108/eai.5-8-2020.2301219
Abstract
Asset-Backed Securities is securities consisting of a collection of financial assets in the form of bills such as credit card bills, leasing bills, housing loans, toll-road revenues, and so on. It is a high-level investment instrument with characteristics such as fixed income securities where investors get income to benefit from investment in CIC-ABS. This study aims to analyze the imposition of taxes on CIC-ABS transactions in Indonesia, using a qualitative approach and descriptive research type which conducted from February 2020 to July 2020. In the provisions of income tax, CIC-ABS is considered "other forms of corporate", so that the income tax aspect is the same as that of a corporate taxpayer. One of CIC-ABS income comes from the margin it receives from Originator. The margin is calculated in CIC-ABS income, and Withholding Income Tax Article 23 is deducted because it is categorized as interest.
