There is no doubt that in the era of social media that is ingrained in the minds of Indonesian people, it is easy for everyone to get information regardless of its quality.
As the trend has increased in recent times since the pandemic began, trading activities are echoed by social media activists (especially influencers in the trading world) as activities that seem to be able to replace activities earn a living that is physically restricted due to the implementation of PPKM in Indonesia.
This time the author focuses on the activity of “guessing two options” between the rise or fall of an asset index such as currency assets, commodity assets, and stock indices through binary options applications which apparently have not has the legality of the legal umbrella from the Commodity Futures Trading Supervisory Agency (CoFTRA) and/or the Indonesian Financial Services Authority (OJK).
Several Influencers in Indonesia through the youtube channel or Telegram channel are aggressively inviting and persuading the public to join and use certain Binary Options applications by using the affiliate/referral code from the affiliate.
Binary Options are not Trading
The impact of using this affiliate/referral code for people who have just joined or registered in certain binary options applications is that they will become downline affiliates.
The activity of guessing two options that are classified as gambling according to the Chairman of the Investment Alert Task Force Tongam L Tobing will always provide benefits for affiliates and application providers in various guessing scenarios.
Gambling when compared to trading and investing actually has a very clear difference. In trading and investing there is an underlying asset that has a traded value.
University of Indonesia criminal law expert Rudi Satrio said that all gambling crimes are crimes as stipulated in Article 1 of Law (UU) Number 7 of 1974. criminal provisions regulated in Article 303 and Article 542 paragraph (1) and paragraph (2) of the Criminal Code.
Affiliator Earnings Analysis
Chartered Financial Analyst Felicia Putri Tjisaka in her Tiktok account provides an overview of the Binary Option affiliate income scenario with a conservative approach.
Simply put, affiliate income is earned by using the affiliate/referral code used by new members. The income is calculated from the loss value of the member’s transaction multiplied by the percentage of commission stated in the agreement between the affiliate and the Binary Option application provider.
Felicia gives an example of a case with an example of a Telegram channel belonging to a “so-called trader” Binary Options initials IK with 130,000 active members. The data presented shows that a minimum of 70% of members will lose if they make transactions and affiliates get a commission of at least 70%.
If the scenario is conservative/pessimistic in 1 month condition, 10% of the total members transact with a minimum value of IDR 1,000,000.00 per month, then the Affiliate will get a commission from the loss of the member the new amount of Rp6.37 billion per month. This is a fantastic number in conservative calculations!
App Provider Tricks
The amount of commission for losing members to affiliates with a minimum figure of 70% is a way for Binary Option application providers to indirectly facilitate affiliates so that they can reach wealth quickly and instantly , able to show off (flexing) wealth longer through social media and invite more people that within two to five years everyone can become a sultan who was previously nobody.
It can be seen here that the “big fish” of illegal activities in Indonesia are affiliates, while the application providers who only receive a minimum of 20% of the members’ losses are overseas. They are even in a tax haven country whose legal jurisdiction is outside the authority of Indonesia and requires special follow-up through international cooperation.
Tax Law Monitoring
On several occasions, the Minister of Finance said that crazy rich who often show off their wealth will be visited by officers of the Directorate General of Taxes to ensure that their tax obligations have been fulfilled or not.
The connection with crazy rich showing off activities, especially binary options affiliates, can’t be avoided because that’s how their income will continue to grow with many Indonesian people being tempted in an instant way.
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Since the issuance of the Law on the Harmonization of Tax Regulations (UU HPP) on October 29, 2021, the government has made changes to the rates and brackets for individual Income Tax (PPh) to better reflect fairness.
The content of the PPh in the HPP Law comes into force for the 2022 tax year. The most significant change is the stipulation of a new tariff layer, namely the fifth tariff layer that regulates the range of income tax payable (not income tax). gross) a year more than IDR 5,000,000,000.00 will be subject to the highest rate of 35%.
Please note, the calculation of personal income tax is applied to income whose amount exceeds the limit of Non-Taxable Income (PTKP). The imposition of tax in Indonesia adheres to the worldwide income system, on all income received or obtained by Domestic Taxpayers (WPDN) in any name and form will be subject to tax according to applicable regulations.
Can you imagine if you have a minimum income of IDR6.37 billion per month multiplied by 12, then how much income can be calculated?
Sumber https://www.pajak.go.id/id/artikel/crazy-rich-afiliator-binary-option-pamermu-dalam-bayang-uu-hpp