Timetest & Tariff as Tax Treaty

Dividends No. Country For investor Other companies (1) Portfolio % 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Australia (24) Algeria Austria Bangladesh Belgium Brunei Darussalam Bulgaria Canada China Czech Republic Denmark Egypt Finland France Germany Hungary India Iran Italy Japan Jordan Korea (Republic of) Korea (Democratic People's Republic) Kuwait Luxembourg Malaysia Mexico Mongolia Netherlands (renegotiated) (9) New Zealand Norway Pakistan Philippines Poland Portugal Qatar 15 15 10 10 10 15 15 10 10 10 10 15 10 10 10 15 10 7 10 10 10 10 10 10 10 15 10 10 10 15 15 10 15 10 10 10 % 15 15 15 15 15 15 15 15 10 15 20 15 15 15 15 15 15 7 15 15 10 15 10 10 15 15 10 10 10 15 15 15 20 15 10 10 Interest (2) % 10 15 10 10 10 15 10 10 10 12.5 10 15 10 10 or 15 (23) 10 15 10 10 10 10 10 10 10 5 10 15 10 10 10 (25) 10 10 15 10 or 15 (15) 10 10 10

37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61

Romania Russian Federation Saudi Arabia Seychelles Singapore (24) Slovakia South Africa Spain Sri Lanka Sudan Suriname Sweden Switzerland Syria Taiwan Thailand Tunisia Turkey UAE Ukraine United Kingdom United States Uzbekistan Venezuela Vietnam

12.5 15 N/A 10 10 10 10 10 15 10 15 10 10 10 10 15 12 10 10 10 10 10 10 10 15

15 15 N/A 10 15 10 15 15 15 10 15 15 15 10 10 20 12 15 10 15 15 15 10 15 15

12.5 15 N/A 10 10 10 10 10 15 15 15 10 10 10 10 15 12 10 5 10 10 10 10 10 15

1. These rates are applicable only if the sharehold er is the beneficial owner of the dividends. The lower rate applies where the recipient holds 25% (10% in the case of South Africa and Venezuela ) or more of the capital of the paying company (voting shares in Japan). For Thailand, 10% applies to

2. With the exception of Switzerlan d, if amounts are paid to the Governme nt, the Central Bank or a bank or financial institution specificall y mentioned in the treaty, they will be exempted from interest withholdin g tax.

3. With the exception of Thailand, these rates are applicable only where the recipient is the beneficial owner of the royalties. Royalties paid to Governme nt of Brunei are exempt.

4. Only on amounts actually remitted for Belgium and the Philippine s; levied on total after tax profits for all other countries.

5. Where two periods are stated, the longer usually applies to a building site, constructi on, assembly or installation project or supervisor y services in connectio n therewith; the shorter to consulting and other services.

6. The 10% rate applies to royalties for use of or informatio n regarding industrial, commerci al or scientific equipment or experienc e; the 15% rate applies to all other royalties. 7. This does not affect the provisions contained in any productionsharing contract and contracts of work (or similar contracts) in the oil and gas or mining sector concluded by the Governme nt of Indonesia (on or before 31 December 1983 for Austria, Belgium, Denmark, Finland, Italy, Korea,

8. The renegotiated provisions of the double taxation agreemen t between Indonesia and Belgium (as signed on 16 Septembe r 1997) came into effect from 1 January 2002 with regard to income received from Indonesia by Belgian residents.

9. On 29 January 2002 Indonesia and the Netherlan ds signed a new treaty for the avoidance of double taxation on income and capital and for the prevention of fiscal evasion, replacing the IndonesiaNetherlan ds Double Taxation Agreemen t of 5 March 1973 (and protocols dated 22

10. The 10% rate applies to copyright; the 15% rate applies to royalties for the use of or right to use industrial, commerci al or scientific equipment or experienc e, patents, trademark s, secret formulas and designs.

11. The 15% rate applies to copyrights , patents, trademark s, secret formulas, or design; the 10% rate applies to the use of / right to use or informatio n regarding industrial, commerci al or scientific equipment or experienc e; the 7.5% rate applies to technical, manageria l or consulting services

12. The 10% rate applies to fees for technical services; the 12.5% rate applies to royalties.

13. The 10% (20% in the case of Syria) rate applies to patents, trademark s, secret formulas, designs and the use of or right to use industrial, commerci al or scientific equipment or experienc e; the 15% rate applies to copyrights . 14. Fees for technical services are subject to 15% tax.

15. 10% for interest on public issues of bonds, debenture s and similar obligation s; 15% for interest on other types of debt.

16. The 5% rate applies to payment for the furnishing of services; the 12.5% rate applies to royalties.

17. The 10% rate applies to royalties for use of or the right to use industrial, commerci al, and scientific equipment ; the 15% rate applies to royalties for copyrights , patents, know-how, design or model, trademark s, plans, secret formulae, or process.

18. The treaty provisions are silent on the rate. The Internation al Tax Office interprets this to mean that the rates as regulated by Indonesia n Tax Law (i.e. 20%) should apply. 19. Tax is only applicable if profits are remitted to Head Office within 12 months after the profits accrue.

20. 10% withholdin g tax applies to commissio ns. 12,5% applies to royalties for patent, trademark , pattern, or model, secret formula or process, or of informatio n on industrial, trade or scientific experienc e. 15% applies to royalties for copyright of literary, artistic or scientific work.

21. The 10% rate applies (inter alia) to royalties for the use of, or right to use copyrights of motion picture films, films/video in connectio n with television and tapes in connectio n with radio broadcasti ng; the 15% rate applies to royalties for the use or right to use any copyright, patent,

22. Applicable on profits actually remitted.

23. The 10% rate applies to interest which is paid by a bank, a financial institution or by an enterprise the activities of which are mainly carried on in the field of agriculture , plantation forestry, fishery, mining, manufactu ring, industries, transporta tion, low cost housing projects, tourism,

24. Not capital gains tax protected.

25. Tax is exempted if the interest is paid on loan for a period of more than 2 years or is paid in connectio n with the sale on credit of industrial, commerci al or scientific equipment . Article 11 (5) of the DTA further provides that Indonesia and Netherlan ds shall by mutual agreemen t settle the mode of

26. The term independe nt personal services include especially independe nt scientific, literary, artistic, education al or teaching activities as well as the independe nt activities of physicians , lawyer, engineers, architects, dentists and accountan ts.

27. The term dependent service includes salaries, wages, and other similar remunerat ion derived by a resident of a contractin g state in respect of employme nt.

Note: This is a general summary of the current treaty provisions. For more comprehensive information please refer to th

Royalties (3) % 10 or 15 (6) 15 10 10 10 15 (3) 10 10 10 12.5 15 15 10 or 15 (10) 10 10 or 15 (11) 15 15 12 10 or 15 10 10 15 10 20 12.5 (12) 15 10 10 10 15 10 or 15 (13) 15 (14) 15 15 15 5

Branch Profit Tax/ BPT (4) % 15 (7) 10 12 (7) 10 10 (7) 10 (7) 15 (7) 15 (7) 10 12.5 (7) 15 (7) 15 (7) 15 (7) 10 10 20 (18,22) 10 (7) 7 12 (7) 10 (7) 20 (18) 10 (7) 10 10 (7, 19) 10 (7) 12.5 (7) 10 10 (7) 10 20 (18) 15 (7) 10 20 10 (7) 10 10

PE Time Test (5)

Independent personal services (26)

120 days 3 months 6 or 3 months 183 or 91 days 6 or 3 months 3 months or 183 days 120 days or 6 months 120 days 6 months 6 or 3 months 6 or 3 months 6 or 3 or 4 months 6 or 3 months 183 days or 6 months 6 months 3 or 4 months 183 or 91 days 183 days or 6 months 6 or 3 months 6 months 6 or 1 month(s) 6 or 3 months 12 or 6 months 3 or 5 months 5 months 3 or 6 months 6 months or 91 days 6 or 3 months 6 or 3 months 6 or 3 months 6 or 3 months 3 months 3, 6 months or 183 days 120 or 183 days 6 months or 183 days 6 months

120 days 91 days 90 days 183 days 91 days 183 days 91 days 120 days 183 days 91 days 91 days 90 days 90 days Fixed Base 120 days 90 days 91 days N/A 90 days 183 days 90 days 90 days 183 days 183 days 91 days 183 days 91 days 91 days 91 days 90 days 90 days 90 days 90 days 91 days 183 days 183 days

12.5 or 15 (20) 15 N/A 10 15 10 or 15 (21) 10 10 15 10 15 10 or 15 (11) 12.5 (16) 15 or 20 (13) 10 15 15 10 5 10 10 or 15 (17) 10 10 10 or 20 15

12.5 12.5 (7) N/A 20 (18) 15 (7) 10 (7) 20 10 (7) 20 (18) 10 (7) 15 15 (7) 10 (7) 10 (7) 5 (7) 20 (18) 12 (7) 10 5 10 (7) 10 (7) 10 (7) 10 (7) 10 (7) 10 (7)

6 or 4 months 3 months N/A 6 or 3 months 183 or 90 days 6 months or 91 days 6 months or 120 days 183 days or 3 months 90 days 6 or 3 months 6 months or 91 days 6 or 3 months 183 days 6 months or 183 days 6 months or 120 days 6 months or 183 days 3 months 6 months or 183 days 6 months 6 or 4 months 91 or 183 days or 6 Months 120 days or 183 days 6 or 3 months or 120 days 6 months 6 or 3 months

120 days 90 days 90 days 91 days 120 days 90 days 90 days 90 days 91 days 90 days 183 days 183 days 120 days 183 days 120 days 183 days Fixed Base 183 days 91 days 120 days 90 days 90 days 90 days

ore comprehensive information please refer to the relevant treaty. For Hong Kong just signed on March 2010. There is no further informat

Dependent personal services (27)

Effective From

120 days 91 days 183 days 183 days 183 days 183 days 183 days 120 days 183 days 183 days 183 days 90 days 183 days 183 days 183 days 183 days 183 days N/A 183 days 183 days 183 days 183 days 183 days 183 days 183 days 183 days 183 days 91 days 183 days 183 days 183 days 90 days 183 days 183 days 183 days 183 days

1.7.1993 1.1.2001 1.1.1989 1.1.2007 1.1.2002 (8) 1.1.2003 1.1.1993 1.1.1999 1.1.2004 1.1.1997 1.1.1987 1.1.2003 1.1.1990 1.1.1981 1.1.1992 1.1.1994 1.1.1988 Not in force 1.1.1996 1.1.1983 1.1.1999 1.1.1990 1.1.2005 1.1.1999 1.1.1995 1.1.1987 1.1.2005 1.1.2001 1.1.2004 1.1.1989 1.1.1991 1.1.1991 1.1.1983 1.1.1994 1.1.2008 Not in force

183 days 90 days 183 days 183 days 183 days 183 days 183 days 90 days 183 days 183 days 183 days 183 days 183 days 183 days 183 days 183 days 183 days 183 days 183 days 183 days 120 days 183 days 183 days 90 days

1.1.2000 1.1.2003 1.1.2003 1.1.2001 1.1.1992 1.1.2002 1.1.1999 1.1.2000 1.1.1995 1.1.2001 Not in force 1.1.1990 1.1.1990 1.1.1999 1.1.1996 1.1.2004 1.1.1994 1.1.2001 1.1.2000 1.1.1999 1.1.1995 1.1.1997 1.1.1999 1.1.2001 1.1.2000

just signed on March 2010. There is no further information for the Treaty.