The use and function of stamp duty are regulated under Law no.13 of 1985 concerning Stamp Duty, while the company stamp is not specifically regulated under Indonesian Law. In this guide, we have put together information concerning the use and purpose of stamp duty and company stamps in Indonesia.
Continue reading for more information.
What is stamp duty?
Stamp duty is a document tax imposed by the government for certain documents. Having a stamp duty is optional in Indonesia; however, there are some documents in which the stamp duty is required.
In other words, a document without stamp duty does not mean that the document is considered invalid, but documents without stamp duty cannot be used as evidence in court.
The company can buy a stamp duty in post offices and retail shops in Indonesia.
What is a company stamp?
There is no specific definition of a company stamp under Indonesian Law.
Nevertheless, a company stamp can be interpreted as a stamp in the form of a company name and logo. Its main function is to certify important documents issued by the company.
A company stamp can be customised and come in a variety of shapes, colours and sizes.
Purpose of the company stamp
The company stamp acts as the company’s signature and is the official stamp of the company that is used to stamp legal documents and verify that the company has approved the documents.
Stamp duty vs company stamp
Stamp duty is used with the following commercial documents:
- Company resolutions
- Property transfers
- Land contracts
- Credit documents, mortgages and guarantees
- Documents used outside Indonesia
- Company documents
Company stamp can be used in all documents issued by the company.
The purpose of stamp duty is to justify that the document tax has been paid. In contrast, the purpose of a company stamp is to authenticate documents issued by the company. Feel free to contact Acclime if you have any further enquiries.
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