PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 558
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013
Expressed in thousands of US Dollars, unless otherwise stated
36. TAXATION continued
g. Tax assessment letters
On 22 September 2010, SIS had received an Advance Refund for corporate income tax-fiscal year 2009 amounting to Rp65,217 million equivalent to US5,997 from a total overpayment of Rp95,878 million equivalent to US8,782.
On 11 December 2013, the DGT issued a Tax Assessment Letter for the relevant corporate income tax. Based on such letter, SIS’s overpayment had been adjusted by US101, resulting in a revised total overpayment amounting to
US8,681. The difference between the adjusted total overpayment and the Advance Refund had been fully refunded in January 2014; and at the same time, SIS filed an objection regarding the adjustment. Based on the DGT’s decision
No. KEP-158WPJ.192015 dated 23 January 2015, SIS objection has been approved and the remaining tax overpayment amounting to US101 has been fully received on 23 February 2015.
On 26 April 2013, the DGT issued a Tax Assessment Letter for the corporate income tax-fiscal year 2011. Based on such letter, the DGT had agreed to SIS’s overpayment amounting to Rp80,720 million equivalent to US8,311 and
reduced US10,476 from SIS’s carried forward fiscal loss for the relevant fiscal year. The overpayment had been fully refunded by the DGT in May 2013. SIS had filed an objection to the DGT’s adjustment on the carried forward fiscal
loss which had been rejected by the DGT on 25 July 2014. SIS had filed an appeal with the Tax Court regarding this adjustment on 17 September 2014. Until the issuance of these consolidated financial statements, there had been no
decision made on the appeal. On 29 April 2014, the DGT issued a Tax Assessment Letter for the corporate income tax-fiscal year 2012. Based on
such letter, the DGT had agreed to SIS’s overpayment amounting to Rp152,378 million equivalent to US13,333 and reduced US4,910 from SIS’s carried forward fiscal loss for the relevant fiscal year. The overpayment was fully
refunded by the DGT in May 2014. SIS had filed an objection to the DGT’s adjustment on the carried forward fiscal loss in July 2014. Up to the issuance date of these consolidated financial statements, there had been no decision made
on the objection.
As at the date of these consolidated financial statements, Adaro was being audited by Directorate General of Customs and Excise for customs for fiscal years 2010-2013 and the DGT for all taxes for the fiscal year 2013. DJP is also
auditing SIS for corporate income tax for the fiscal year 2013, PBMM for VAT for fiscal year 2013, Biscayne for VAT for fiscal years 2010-2013, IBT for VAT for fiscal year 2013, AP, AEI, ATA, DSM, JPI, PBMM, MSW and IBT for
corporate income tax for the fiscal year 2013. Adaro, SIS, Biscayne, AP, AEI, ATA, DSM, JPI, PBMM, MSW and IBT have not yet received the tax audit results. Management is of the opinion that the tax audit results will not have a
material impact on the Group’s consolidated financial statements.
37.
TRANSACTIONS AND BALANCES WITH RELATED PARTIES
a. Nature of relationships
Related parties Nature of relationship
PT Servo Meda Sejahtera Associate
PT Pulau Seroja Jaya Affiliate
PT Rahman Abdijaya Affiliate
In February 2014, SMS has been sold Note 13
b. Transaction details
