Page 7 - Newsletter (New Regulation on Stamp Duty and Tax Cluster in Job Creation Law)

DDTC Newsletter Vol.04 | No.08 I November 2020 Page 7 of 12

New Regulation on Stamp Duty and Tax Cluster in

Job Creation Law

state companies and other bodies. The attachment Tabel 3 The Accumulated Budget Surplus Statement for
Fiscal Year 2019
constitutes an integral part of Law No. 8/2020.
2019 (AUDITED)
LKPP 2019 consists of seven reports or notes. First,
(In IDR Trillion)
the report on the realization of the state budget for the
Deficit from Operational Activity 253.88
2019 fiscal year. The details of the 2019 State Budget
realization report are as follows. Surplus from Non-Operational Activity 4.66
Extraordinary Items -
Tabel 2 - State Budget Realization Report for Fiscal Year 2019 Deficit of the Operational Report for Fiscal Year 2019 249.23

2019 (AUDITED) Cash Flow Statement for Fiscal Year 2019
Amount of Net Cash Flow from Operational Activity (171.16)
Decription Target Realisasi Realization
(IDR trillion) (IDR trillion) against Amount of Net Cash Flow from Investments (225.93)
Target (%) Amount of Net Cash Flow from Financing Activity 450.49
State Revenue 2,165.1 1,960.6 90.5 Amount of Net Cash Flow from Transitory Activity (41.42)
Equity Statement for Fiscal Year 2019
State Expenditure 2,461.1 2,309.3 93.8
Deficit (296.0) (348.7) 117.7 Beginning Equity for Fiscal Year 2019 1,407.81
Financing to Cover 296.0 402.1 135.8 Deficit of the Operational Report for Fiscal Year 2019 249.23
Deficit
Corrections that Directly Increase or Decrease Equity 3,968.33
Budget Surplus - 53.4 -
Intra-Entity Transactions 0.40
Ending Equity for Fiscal Year 2019 5,127.31
Source: Law No. 8/2020.
Source: Law No. 8/2020.
Second, the accumulated budget surplus statement
for fiscal year 2019. Third, the balance sheet as of 31 LKPP has been audited by the Audit Board of the
December 2019. Fourth, the operational report for Republic of Indonesia (Badan Pemeriksa Keuangan/
fiscal year 2019. Fifth, the cash flow statement for BPK) with an unqualified opinion. The unqualified
fiscal year 2019. Sixth, the equity statement for fiscal opinion is in accordance with the BPK’s examination
year 2019. Seventh, notes on the financial statements. report that has been submitted to the House of
The details for points two to seven are as follows. Representatives (Dewan Perwakilan Rakyat/DPR)
and the House of Regional Representatives (Dewan
Tabel 3 The Accumulated Budget Surplus Statement for Perwakilan Daerah/DPD). Next, the government
Fiscal Year 2019 effectifely and comprehensively follows up on BPK’s
recommendations in the DPR’s audit results and
2019 (AUDITED)
(In IDR Trillion) recommendations as per statutory regulations.
Accumulated Budget Surplus Statement for Fiscal
Year 2019
Beginning Accumulated Budget Surplus for Fiscal Year 175.24 State Budget for Fiscal Year 2021
2019
Use of Accumulated Budget Surplus 15.00 Ratified by the House of Representatives on 29
Budget Surplus for Fiscal Year 2019 53.34 September 2020, the Law on the State Budget
Beginning Accumulated Budget Surplus for Fiscal Year 213.64 (Anggaran Pendapatan dan Belanja Negara/APBN)
2019 for Fiscal Year 2021 has finally been enacted by the
Accumulated Budget Surplus for Fiscal Year 2019 0.94 government. 2021 State Budget is outlined in Law No.
Accumulated Budget Surplus Before Adjustment 212.67 9 of 2020 concerning the State Budget for Fiscal Year
Balance Sheet as of 31 December 2019 2021 (Law No. 9/2020).

Number of Assets 10,467.53
As per the mandate in the regulation promulgated on
Number of Liabilities 5,340.22 26 October 2020, State Budget consists of the state
Number of Equities 5,127.31 revenue budget, state expenditure budget, and budget
Operational Report for Fiscal Year 2019 financing. State Budget embodies state financial
management. The following is the posture of the 2021
Operational Revenue for Fiscal Year 2019 2,168.93
State Budget.
Operating Income for Fiscal Year 2019 2,422.82