Asset-Backed Securities is securities consisting of a collection of financial assets in the form of bills such as credit card bills, leasing bills, housing loans, toll-road revenues, and so on. It is a high-level investment instrument with characteristics such as fixed income securities where investors get income to benefit from investment in CIC-ABS. This study aims to analyze the imposition of taxes on CIC-ABS transactions in Indonesia, using a qualitative approach and descriptive research type which conducted from February 2020 to July 2020. In the provisions of income tax, CIC-ABS is considered "other forms of corporate", so that the income tax aspect is the same as that of a corporate taxpayer. One of CIC-ABS income comes from the margin it receives from Originator. The margin is calculated in CIC-ABS income, and Withholding Income Tax Article 23 is deducted because it is categorized as interest.
|Title of host publication||Proceedings of the 2nd International Conference of Business, Accounting and Economics|
|Place of Publication||Purwokerto, Indonesia|
|Publication status||Published - 15 Oct 2020|