Corporate Tax & Accounting Services
Paying taxes is one of the obligations that must be carried out by every business entity, both business entities in the form of Limited Liability Companies (PT), Firm Firms (Fa), Limited Partnership Companies (CV) that have NPWP. Taxes that must be paid also vary, ranging from income tax or value-added tax. Below are some of the types of income tax that you are required to make to the government. (Corporate Tax & Accounting Services in Indonesia).
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• Value Added Tax (PPN)
Value Added Tax (VAT) is typically due to events involving the transfer of taxable goods or the provision of taxable services in the Indonesian Customs Area.
• Income Tax Article 21 (PPh 21)
Companies in Indonesia are taxed at a rate of 25%, for both domestic and international sourced income. Resident Indonesian companies are required to withhold tax at a rate of 20% from payments to foreign companies.
• Income Tax Article 4 ayat (2)
Income Tax Article 4 (2) or also referred to as final PPh is the tax imposed on corporate taxpayers and personal taxpayers for certain types of income they receive and the tax deduction is final.
• Income Tax Article 22 (PPh 22)
Income Tax Article 22 shall be levied on certain business entities, public or private, engaged in export, import and reimport activities. Through Regulation No 90 / PMK.03 / 2015, the government will expand the entity entitled to collect the Article 22 Income Tax which becomes the Tax Agency that sells goods.
• Income Tax Article 23
Tax cut on the income earned or obtained by taxpayers in the country and businesses which derived from capital, submission services, or activities other than those deducted from income tax article 21
• Income Tax Article 25
Income Tax Article 25 (Income Tax Article 25) is the payment of Income Tax in installments. The goal is to ease the burden on taxpayers since the tax payable should be paid in one year. This payment must be self-made and can not be represented.
• Income Tax Article 26
Income Tax Article 26 is imposed from Penghasilan tax income derived from Indonesia received or accrued by the taxpayer (WP) in addition to a foreign permanent establishment (PE) in Indonesia.
• Sales Tax on Luxury Goods (PPnBM)
A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S. states charge luxury tax on real estate transactions over a limit.
Corporate Tax & Accounting Services With Indoned Consultancy
The government requires each company to report tax in Indonesia. Indo-Ned Consultancy has helped many of our clients who do business in Indonesia and set up the company in Indonesia on making a periodical tax report. We always follow every update of regulations from the Government in Indonesia, because we work with all relevant departments such as the Dirjen Pajak (Directorate General of Taxation). Our experience in helping our clients makes us work faster and precisely in meeting the needs of our clients for tax tariff and tax rule in Indonesia.
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Using our services can reduce operational costs and administrative burdens which in turn can increase the flexibility and growth of your business.
The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia subject to frequent changes. Please contact us as your consultant to get an up to date information and accurate advice. More Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: Facebook, Instagram, Linkedin, and Twitter.