Minister of Finance (“MoF”) issued regulation No. 11/KM.10/2022. This decision stipulates monthly interest rates as basis for calculation of administrative sanctions in the form of interest and granting of interest compensation that shall be applicable from 1 March 2022 to 31 March 2022.
Monthly interest rates as basis for calculation of administrative sanctions in the form of interest are as follows:
- Article 19 paragraph (1), Article 19 paragraph (2), and Article 19 paragraph (3) of Law on General Provisions and Procedures for Taxation (KUP Law) 1 shall be subject to a monthly interest rate of 0.54% (zero point five four percent),
- Article 8 paragraph (2), Article 8 paragraph (2a), Article 9 paragraph (2a), Article 9 paragraph (2b), and Article 14 paragraph (3) of KUP Law2 shall be subject to a monthly interest rate of 0.96% (zero point nine six percent),
- Article 8 paragraph (5) of KUP Law3 shall be subject to a monthly interest rate of 1.37% (one point three seven percent),
- Article 13 paragraph (2) and Article 13 paragraph (2a) of KUP Law4 shall be subject to a monthly interest rate of 1.79% (one point seven nine percent), and
- Article 13 paragraph (3b) of KUP Law shall be subject to a monthly interest rate of 2.21% (two point two one percent).
In addition, this decision also stipulates monthly interest rate as basis for calculation of granting of interest compensation, namely 0.54% (zero point five four percent) which applies to Article 11 paragraph (3), Article 17B paragraph (3), Article 17B paragraph (4), and Article 27B paragraph (4) of KUP Law.
This decision comes into effect on 1 March 2022.
1 Late payment of tax assessment [Underpaid Tax Assessment Letter (Surat Ketetapan Pajak Kurang Bayar/SKPKB)]
2 Late payment of monthly tax return
3 Voluntary disclosure after a regular tax audit has been started but before a tax assessment is issued 4 SKPKB arising from a tax audit
