Setting a Record, Special Government Debt Securities Transactions for VDP Period IV Reach IDR 1.5 trillion

Friday, 26 August 2022

Setting a Record, Special Government Debt Securities Transactions for VDP Period IV Reach IDR 1.5 trillion

JAKARTA. The implementation of settlement on transactions for issuance of Government Debt Securities (SUN) period IV, especially for taxpayers participating in the Voluntary Disclosure Program (VDP) set a record high compared to the previous three periods.

There are two series of SUN issued by the government, namely SUN FR0094 which is denominated in rupiah and SUN USDFR0003 which is issued in United States Dollars.

The two series of SUN are one of the instruments prepared by the government to accommodate taxpayers' funds who are committed to investing their assets when participating in VDP in the period 1 January - 30 June 2022.

In the transaction carried out on 25 August 2022, the two types of SUN traded were valued at IDR 1.55 trillion and US$ 24.24 million, respectively.

Read: VDP Officially Closed, Net Assets Revealed Amounted to IDR 594.82 trillion

Previously, the government through the Directorate General of Budget Financing and Risk Management (DJPPR) had carried out three SUN placement transactions, the first period on 4 March 2022, the second period on 21 April 2022, and the second period on 29 June 2022.

The following are the realization of VDP investment value in SUN instruments in periods I, II, III, and IV:

Period FR0094 USDFR0003
I (4 March 2022) Rp 46.350.000.000 US$ 650.000
II (21 April 2022) Rp 659.917.000.000 US$ 5.335.000
III (29 June 2022) Rp 659.917.000.000 US$ 5.859.000
IV (25 August 2022) Rp 1.551.262.000.000 US$ 24.239.000

According to the schedule, there will be one more transaction, namely the fifth period, which will be held on 2 November, with the private placement transaction being carried out on 28 September 2022.

This is in line with the provisions related to the obligation to realize VDP investment commitments which are maximum carried out on 30 September 2022.

If up to this time limit the taxpayer fails to make an investment (default), an additional final income tax may be imposed from 3% to 8.5%.

Referring to the VDP realization data released by the Directorate General of Taxes (DGT), the net asset value to be invested through VDP is IDR 22.35 trillion.


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