Tax and Business Issues on Asset-Backed Securitization in Indonesia

DOI

10.2991/aebmr.k.210928.040How to use a DOI?

Keywords

asset-backed securitization, collective investment contract, financial instrument, income tax

Abstract

Asset securitization is an alternative source of innovative infrastructure funding to achieve large infrastructure financing targets in Indonesia. This asset securitization study aims to discuss regulatory issues in business categories and tax implications related to CIC-ABS in Indonesia. This research using a qualitative approach and descriptive research type conducted from February 2020 to July 2020. The results show that there are no regulations regarding the form of business of CIC ABS in Indonesia. Thus, CIC ABS does not get an exemption from withholding Income Tax Article 23 on margin income. It resulted in overpayments of taxes and economic double-taxation, which disrupted the liquidity of CIC ABS.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wulandari Kartika Sari
AU  - Fatmah Sabrina
AU  - Milla Sepliana Setyawati
PY  - 2021
DA  - 2021/09/30
TI  - Tax and Business Issues on Asset-Backed Securitization in Indonesia
BT  - Proceedings of the 3rd Annual International Conference on Public and Business Administration (AICoBPA 2020)
PB  - Atlantis Press
SP  - 201
EP  - 205
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210928.040
DO  - 10.2991/aebmr.k.210928.040
ID  - Sari2021
ER  -