One of the effects of the particular global economic crisis in Indonesia is the decline in the value of the Rupiah against the US dollar. As a result, many companies in Indonesia experienced Derivative Losses. This happens because there are differences in exchange rates in the recording. Sometimes to keep the fluctuation of this derivative transaction many companies hedge their fair value assets or liabilities. In addition, it turns out that derivative transactions can also be used for speculative purposes, where derivative transactions for speculative purposes are intended solely to maximize profits and not in order to protect the company's assets or liabilities. With regard to taxation, the question is whether derivative losses for speculative purposes can be charged as a deduction from PFM?

Subject : Taxation Management And Strategy