PPN

Welsh Man Receives IDR 9.2 Billion Tax Bill from 11,000 Chinese Companies Using His Address

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11,000 Chinese companies listed their home addresses. This Welsh man received a tax bill of IDR 9.2 billion. Photos/BBC CARDIFF – A man of origin Wales get tens of thousands of tax bills from companies China who have used their address to be registered as a VAT billing address. Dylan Davies found 580 brown envelopes … Read more

Build your own house subject to VAT, see the criteria and how to calculate it

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JAKARTA, KOMPAS.com – The government through the Minister of Finance Regulation (PMK) makes tariff adjustments for the implementation of value-added tax (PPN) for Self-Build Activities (KMS). The regulation is contained in PMK Number 61/PMK.03/2022 concerning Value Added Tax (VAT) on Self-Building Activities. This rule is effective from April 1, 2022. Also read: Already Published, 14 … Read more

Still Confused About Crypto Taxes? This is how to calculate it

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Jakarta, CNBC Indonesia – Starting May 1, 2022 all crypto asset transactions in Indonesia will be subject to value added tax (VAT) and income tax (VAT). How does it count for crypto investors? The rules for collecting crypto taxes are contained in Minister of Finance Regulation (PMK) Number 68 of 2022 concerning Income Tax and … Read more

e-Money Top Up Fee Will Be Subject to 11 Percent VAT

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Jakarta, CNN Indonesia — Directorate General of Taxation (DJP) The Ministry of Finance stated that financial service transactions by fintech or digitally would be imposed Tax Value Added (PPN) 11 percent. One of them, top up transactions e-money or e-wallet. The Head of Sub-Directorate for Regulation of VAT, Trade, Services and PTLL DJP Bonarsius Sipayung … Read more

Gopay & OVO Cs Top Up Services are subject to VAT, here’s the calculation

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Jakarta – The Ministry of Finance imposes a value added tax (VAT) on financial technology (fintech) services, including payments for electronic money and digital wallets. Call it GoPay, OVO, DANA and others. This is stated in the Minister of Finance Regulation (PMK) Number 69 of 2022 concerning Income Tax and Value Added Tax on the … Read more

50 Percent Home VAT Discount Extended until June 2022

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Jakarta, CNN Indonesia — The government gives tax discount value addition (PPN) of 50 percent for new home purchases from January-June 2022. This discount is an extension of the government-borne VAT fiscal incentive which should expire in December 2021. “The government borne the government’s VAT fiscal incentive for housing, this was approved by the President … Read more

Jokowi Approves Extension of VAT Incentive for DTP Houses Until June 2022

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“For fiscal incentives, VAT is borne by the government for housing, this was approved by the President, [tetapi] the amount is reduced,” he said via video conference, Thursday (12/30/2021). Also Read: The Projection of Realization of PEN Absorption Revised, So Only 88.5 Percent – Airlangga said that VAT incentives for DTP houses are still needed … Read more

VAT Hoisted, UNVR-INDF Et’s Shares Turn Around, Will It Continue?

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Jakarta, CNBC Indonesia – Composite Stock Price Index (IHSG) ended with 1.02% appreciation to the level of Rp 6,481.77 in the last trading last week, Friday (8/20/21). Not only accelerated, it turns out that all sectors have strengthened. However, when the JCI strengthened more than 1%, the sectoral index consumer non-cyclical precisely flat with a … Read more

Getting ready! Income of IDR 416 million per month will be taxed at 35%

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Jakarta – The government will add a layer of income tax rate for individual taxpayers (WP OP) by 35% for taxable income above Rp 5 billion per year or around Rp 416 million per month. It aims to better reflect justice. “For the re-arrangement of fringe benefits, changing rates and the PPH OP bracket, we … Read more