PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
149
33. TAXATION continued
g. Tax assessment letters continued
Fiscal year 2013 continued
Management disagree with the Tax Underpayment Assessment Letter and has submitted an objection letter to Tax Office dated March 10, 2015. Bank has paid all the tax underpayment amount and
recorded it as prepaid tax on December 31, 2016 and 2015. On March 7, 2016 the Tax Office has issued an objection letter rejecting the Bank’s objection. The
Bank has submitted an appeal over the objection letter issued to Tax Court on June 2, 2016. Until the date of this consolidated financial statement the appeal is still in progress.
Fiscal year 2010 According to the verification result by Tax Office on December 6, 2012, the Bank received Tax
Underpayment Assessment Letters SKPKB which stated underpayments of corporate income tax related with loan write-offs and Value Added Tax VAT and Tax Collection Letter penalties STP for
fiscal year 2010 totalled to Rp1,108,071.
Management disagree with the Tax Underpayment Assessment letter result and has submitted an objection letter to Tax Office dated March 4, 2013. The Bank has paid all the tax under payment and
recorded it as prepaid tax as of December 31, 2016 and 2015. On December 2013, the Tax Office has issued a decision letter to the Banks objection letters on VAT
above and partially accepted the Banks objection, therefore the Tax office refunded a portion of prepaid tax related to VAT. The Bank disagreed with the above decision letter and has proposed an
appeal for on the above decision letter to the Tax Court in March 2014.
On February 21, 2014, Tax Office has issued a decision letter to the Banks objection letters on tax underpayment on corporate income tax and Tax Office rejected the objection. The Bank has filed an
appeal against the objection decision letter to the Tax Court on May 19, 2014. On April and May 2016, the Tax Court has uttered their decision to approve majority of the appeal
submitted on the letter of objection on VAT and reject the appeal submitted on the letter of objection on income tax. The Bank disagrees with the decision and has requested for judicial review from the
Supreme Court of the Republic of Indonesia on August 15, 2016. Until the date of this consolidated financial statement the judicial review is still in progress.
h. Tax collection letter Fiscal year 2014
Based on the assessment result which was done by Tax Office on December 29, 2015, Tax Office issued Tax Collection Letter STP which stated underpayment of corporate tax expense for 2014
fiscal year of Rp1,459,120 and penalties of Rp233,459. Management disagree with the STP and Bank has submitted an application letter for STP cancellation
to Tax Office on December 31, 2015. Bank has paid all the tax underpayment of Rp1,459,120 and recorded it as prepaid tax. Based on the Decree of the Director General of Taxation No. KEP-
00250NKEBWPJ.192016 dated February 24, 2016, the Tax Office has granted all Banks’s requests and cancelled the STP.
On March 15, 2016, the Bank has proposed for compensation on tax refunds amounting to Rp1,459,120. On March 21, 2016, the Tax Office has granted a request for compensation submitted
by the Bank through Decree Refund Excess Tax Payment SKPKPP No. KEP-00044.PPHWPJ.19 KP.04032016 and Excess Tax Payment Order SPMKP No. 80158 093-0156-2016 for STP
payment of VAT tax year 2010 of Rp3,248, payment of income tax Article 29 amounted to Rp855,872 and payment of income tax Article 25 in 2016 amounted to Rp600,000.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
150
34. EMPLOYEE BENEFIT LIABILITIES December 31, December 31,
2016 2015
Rupiah Provision for post-employment benefit Note 50
2,943,664 2,411,613
Provisions for bonuses, leave and holiday entitlements 3,819,404
3,365,464 6,763,068
5,777,077
The provision for post-employment benefit such as pension fund and other long term remuneration is according to Bank and Subsidiaries’ policy which had been calculated using actuarial calculation.
35. OTHER LIABILITIES
December 31, December 31, 2016
2015
Rupiah: Liability to policy holders
3,840,894 3,486,140
Liability related to ATM and credit card transaction 1,394,196
966,227 Payable to customers
1,350,344 926,371
Guarantee deposits 851,298
1,053,344 Deferred income directly attributable
627,487 517,242
Liabilities related to unit-link 351,903
596,316 Deferred income not directly attributable
378,865 356,577
Customers transfer transaction 73,545
124,431 Payable from purchase of marketable securities
20,721 42,194
Others 3,828,689
3,442,846 Total
12,717,942 11,511,688
Foreign currencies: Other liabilities related to UPAS transactions
948,536 743,551
Guarantee deposits 690,140
906,797 Customers transfer transaction
485,451 64,301
Deferred income not directly attributable 314,444
321,721 Deferred income directly attributable
2,274 3,761
Others 651,249
637,593 Total Note 61B.v
3,092,094 2,677,724
15,810,036 14,189,412
Liabilities to policyholders consist of liabilities of the Subsidiaries AXA Mandiri Financial Services, Mandiri AXA General Insurance and PT Asuransi Jiwa Indonesia InHealth as follows:
December 31, December 31, 2016
2015
Future policy benefits from non unit-link products 2,053,916
1,705,778 Unearned premiums
1,211,875 1,188,453
Estimated claim liabilities 491,360
502,585 Claim payables
83,743 89,324
3,840,894 3,486,140
