JAKARTA (Yosefardi) – PT Bank Central Asia Tbk (BBCA) had Tuesday (April 22) made a disclosure to the Indonesia Stock Exchange (IDX) and revealed it did not violate the tax regulation as reported by national media outlets.
The KPK has named Hadi Poernomo, the Chief of the Supreme Audit Agency (BPK), as suspect in theBCA tax case which caused Rp375 billion of State loses. Hadi is accused as Director General of Taxation in 2002-2004 period.
In 1998, BBCA suffered fiscal loss of Rp29.2 trillion due to economic crisis. Based on the regulation, that loss could be compensated with income, called as tax loss carry forward, since 1999 until 5 years. BBCA then booked fiscal profit of Rp174 billion in 1999.
Based on assessment conducted by the Tax Office in 2012, BBCA’s fiscal profit in 1999 was revised to profit Rp6.78 trillion, including assets transfer and guarantee of Rp5.77 trillion made in the sale and purchase agreement with the Indonesian Banking
Restructuring Agency (IBRA) inline with the instructions of finance minister and governor of central bank (Bank Indonesia).
That transaction of assets transfer, by Tax Office, was viewed as the write-off of the receivables. BBCA management then filed an objection over the tax correction. The Tax Office then received BBCA’s objection through its letter of decision issued in June 18,
2004.