Danantara Special Securities Exempt from Tax Criminal Provisions

JAKARTA, DDTCNews - Law 4/2026 concerning the Amendment to Law 4/2023 concerning the Development and Strengthening of the Financial Sector (P2SK) enables Danantara to issue securities.

The securities that may be issued by Danantara comprise general securities as well as special securities, such as Patriot Bond and Merah Putih Bond.

"The issuance of special securities ... shall be implemented by establishing strategies, management policies and risk control, managed according to the principles of professionalism, accountability and sound business judgement," reads Article 50A paragraph (3) of Law 4/2026, as cited on Monday (22/6/2026).

Referring to Article 50A paragraph (4) of Law 4/2026, the purchase of special securities by investors is categorised as a lawful transaction within the national financial system.

The investors referred to in Article 50A paragraph (4) include taxpayers that have participated in either the first or second phase of the tax amnesty programme.

With the entry into force of Law 4/2026, the state guarantees and protects the purchase of special securities from general criminal prosecution, special criminal prosecution, including prosecution in the field of taxation, and civil lawsuits.

Moreover, data and information arising from the purchase of securities may not be used as a tax base nor as legal evidence in court.

Please note, however, that state protection for the purchase of special securities applies only to transactions conducted in the primary market.

"Further provisions on the issuance of special securities referred to in paragraph (2) subparagraph b shall be stipulated under a Government Regulation," reads Article 50A paragraph (10) of Law 4/2026. (dik)