Indonesia ratifies PRC tax treaty.

Australasian Business Intelligence, October, 2003

Oct 22, 2003 (Tax Notes International - ABIX via COMTEX)

Indonesia has ratified an income tax treaty with China, two years after it was signed. The treaty, signed on 7 November 2001, was based on the OECD model income tax treaty. Profits from the operation of ships in international traffic may now be taxed in the source state but the applicable tax is then reduced by 50 per cent. The treaty imposes a limit of 10 per cent on taxation of dividends, interest and royalties by the source state. Immovable property, employment income, director's fees, artists and athletes, pensions and government services are treated similarly as in OECD countries.

Publication Date: 13 October 2003

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