JAKARTA (Yosefardi) – The Financial Services Authority (OJK) is now studying to provide tax incentives for bond market, Bisnis Indonesia reported this morning.
OJK needs to provide the tax incentive for bond market as the tax tends to turn bond market away from the appetite of investors. Currently the bond trading is imposed income tax of 20% while untraded bonds are imposed withholding tax of 15%.
OJK will also study to seek the best trading platform for bond market including online trading scheme, aiming to boost the liquidity of bond market.
OJK also intends to cooperate with financial authority of Malaysia and Singapore for supervising and controlling financial industry.