Ekuitas

Akuntansi Perpajakan

1 11/04/2016
 Equity
 The residual interest in the assets of the company after
deducting all liabilities
 Components:
1. Share capital
2. Share premium
3. Retained earnings
4. Accumulated other comprehensive income
5. Treasury shares
6. Non controlling interest (minority interest)

2 11/04/2016
 Par value shares
 1 March 2015, Moseley (PKP) issued 1.000.000 ordinary
shares at par value of Rp 1.000 in primary market.
Transaction price is Rp 1.500 per share.
 Cash Rp 1.491.000.000
 Income Tax Art 4(2) Rp 9.000.000
 Share Capital-ordinary Rp1.000.000.000
 Share Premium-ordinary Rp 500.000.000

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 No Par Shares
 1 March 2015, Moseley (PKP) issued 1.000.000 ordinary
shares in primary market. Transaction price is Rp 1.500 per
share.
 Cash Rp 1.491.000.000
 Income Tax Art 4(2) Rp 9.000.000
 Share Capital-ordinary Rp1.500.000.000
 Without any share premium reported

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 Shares issued with other Securities
(Lump Sum Sales)
 Challange: method to allocate the proceeds
1. Proportional Method
2. Incremental Method

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 Proportional Method
 Company issues 1.000 shares of Rp 1.000 stated value
ordinary shares having a fair value of Rp 2.000 a share and
1.000 shares of Rp 1.000 par value preference shares having a
fair value of Rp 1.200 a share for lump sum Rp 3.000.000.
 FV of ordinary (1.000 x Rp 2.000) = Rp 2.000.000
 FV of preference (1.000 x Rp 1.200) = Rp 1.200.000
 Aggregate = Rp 3.200.000
 Ordinary: 2.000.000/3.200.000x3.000.000=Rp1.875.000
 Preferen:1.200.000/3.200.000x3.000.000 =Rp1.125.000
 Total Allocation =Rp3.000.000

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 Proportional Method Journal
 Cash Rp 2.997.000
 Inc Tax Art4(2) Rp 3.000
 Share Capital-ordinary Rp 1.000.000
 Share Premium-ordinary Rp 875.000
 Share Capital-preference Rp 1.000.000
 Share Capital-preferences Rp 125.000
 Note: transaction in secondary market

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 Incremental method
 Requirement: cannot determine all the fair value
 Company issues 1.000 shares of Rp1.000 stated value
ordinary shares having a fair value of Rp2.000 and 1.000
shares of Rp1.000 par value preference share having no
established fair value, for lump sum of Rp 3.000.000
 Lump sum receipt Rp 3.000.000
 Ordinary(1.000xRp2.000)(Rp 2.000.000)
 Preference Rp 1.000.000

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 Incremental Method Journal
 Cash Rp 2.997.000
 Inc Tax Art4(2) Rp 3.000
 Share Capital-ordinary Rp 1.000.000
 Share Premium-ordinary Rp 1.000.000
 Share Capital-preference Rp 1.000.000
 Note: transaction in secondary market

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 Non Cash Transaction
 Rule: record shares issued for non cash at fair value unless it
cannot be measured reliably, use the fair value of shares
issued
 Moseley issues 100.000 of Rp1.000 par value ordinary
shares. Moseley cannot determine the fair value of the shares
but the fair value of the patent is Rp 150.000.000
 Patent Rp 150.000.000
 Share Capital-Ordinary Rp 100.000.000
 Share Premium-ordinary Rp 50.000.000

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 Cost of issuing
 Record direct cost incurred to sell shares such as
underwriting cost, accounting and legal fees, printing costs
and taxes as a reduction of the amounts paid in and debits to
share premium.

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 Issues shares (on the floor)
 25 January 2015, Moseley issues ordinary shares with
carrying value of Rp 200.000.000,receiving Rp 287.220.000
in secondary market stock exchange. Levy or transaction cost
was 0,03% and income tax article 4 ver 2 was 0,1%
 Cash 286.846.614
 Inc tax Art 4(2) 287.220
 Transaction Exp 86.166
 Equity investment 200.000.000
 Share-Premium 87.220.000
 In IPO, extra Income tax article 4 ver 2 is 0,5%

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 Reacquisition of shares
 It considers as dividend
 Reacquisition method: Cost method and Par value method
 Moseley acquire 10.000 shares at Rp 1.100 per share. There
is information about issuance transaction acquired Rp
5.000.000 share premium
 Treasury stock Rp 11.000.000
 Cash Rp 11.000.000
 Share premium Rp 5.000.000
 Income tax art23 liability Rp 750.000
 Cash Rp 4.250.000

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 Cash Dividend
 31 December 2015, Moseley (PKP) declared a cash dividen
of Rp 4.200.000 to Hindmarsh with 20% interest
 Cash Dividend 4.200.000
 Cash Dividend Payable 3.570.000
 Income tax 23 liability 630.000

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 Share Split
 Records no entry for a share split

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 Requirement of Revaluation
 Fulfill all its tax obligations up to the last tax period before
the period of the assessment of revaluation
 Excluding the company obtained permission to keep books in
the English language and currency United States Dollar

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 Income Tax Article 19 rate
 10% of the excess over revaluation
 Final

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 Time limit
 5 years

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 PMK 191/PMK.010/2015 jo
PMK 233/PMK.03/2015
Period Rate
Up to end of 2015 3%
The beginning of 4%
2016 up to mid 2016
The mid 2016 up to 6%
end if 2016

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 Revaluation Case
 PT Dynaplast has purchased land in 1980 amounting to Rp
15,000,000. At the time of making the financial statements in
2014, PT Dynaplast reassessment or revaluation of the value
of the land. Revaluation by appraiser turns valued at Rp 150
million. What is the income tax payable on the revaluation is
done?

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 Revaluation Journal Entry
 Land Rp 135.000.000
 Unrealized Gain on Revaluation Rp 121.500.000
 Income Tax Art19 Rp 13.500.000

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 Closing
 31 December 2015, Moseley (PKP) declared a cash dividend
of Rp 4.500.000 to Hindmarsh with 25% interest. Mind the
journal entry from Moseley

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