The Tax Instructor Team of the Large Taxpayers Regional Office (LTO) uploaded a podcast on Youtube with the title VAT on Gold Bars and Jewelry (PPN Emas Batangan dan Perhiasan), Jakarta (Monday, 19/6). This podcast discussed about taxation aspects of gold especially Value Added Tax (VAT) on gold bars and jewelry.

Tax rules related to gold bars and jewelry are regulated in Government Regulation Number 49 of 2022 (PP-49) and Minister of Finance Regulation Number 48 of 2023 (PMK-48).

Gold bar, other than for the State's Foreign Exchange Reserves, is a Certain Strategic Taxable Goods (BKP) whose import/delivery is not subject to VAT. In the elucidation of PP-49, it is explained that what is meant by "gold bar", a Certain Strategic BKP for whose import/delivery is not subject to VAT, is gold in the form of bars with the lowest gold content of 99.99% as evidenced by a certificate, including gold bars whose gold ownership records are done digitally (electronically).

A more complete explanation of VAT on gold can be seen on the Youtube page of Kanwil DJP Wajib Pajak Besar with the title PPN Emas Batangan dan Perhiasan.

 

Pewarta: Suci Zuliyan Safitri
Kontributor Foto: Nur Syifa Retno Utami
Editor: Firman Raharja

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