Corporate taxpayers who wish to take advantage of the tax allowance facility must meet the specified requirements and apply. The explanation of the requirements for obtaining a tax allowance has been described in the previous article. Then, if the corporate taxpayer has applied for the use of the tax allowance facility through the online single submission (OSS) system, the next stage that must … Read more
AFTER the decision from the Director-General of Taxes stating that the taxpayer has the right to take advantage of the tax allowance facility, the taxpayer concerned is required to fulfill certain obligations. The obligation in question is the preparation of reports on investment realization and product realization. The two reports will later become the basis … Read more
BASED ON data from the Indonesian Central Securities Depository (KSEI), the number of capital market investors in the country has reached 7.86 million investors as of January 31, 2022. Interestingly, of the various capital market investment instruments, stocks are the most favored investment choice by investors. Share ownership can indeed provide additional income for investors … Read more
IN the tax allowance regime, the value of fixed assets is the basis for calculating and determining the facilities that can be received by corporate taxpayers. The value of fixed assets that obtain the income tax reduction facility can be replaced. The replacement of fixed assets can only be done as long as the corporate taxpayer fulfills the … Read more
The PROVISION of tax allowance facilities aims to encourage business activity and accelerate national development. Corporate taxpayers who have met certain requirements and criteria, of course, are entitled to a tax allowance facility based on the decree. The decree was issued by the head of the Investment Coordinating Board (BKPM) for and on behalf of the minister of finance. However, … Read more
The transfer of rights to land and/or buildings (PHTB) is one of the objects subject to final income tax (PPh). In general, PPh on PHTB is imposed on the amount of income received or earned by the party who transfers (the seller) the rights to land and/or buildings. The provisions for the final PPh on PHTB … Read more
MAINTAINING the confidentiality of customer data is an urgent matter for banking institutions to do. In this case, all customer personal information and financial data recorded at the bank must be kept confidential and must not be given to other parties. It also aims to protect the interests of customers regarding their finances and personal data … Read more
RENTING land and/or buildings is an attractive option for some people to generate profits. People try to rent out land, rooms, factories, and other forms of buildings to get passive income. It should be noted that income received or earned through leasing land and/or buildings does not escape the imposition of income tax (PPh). In particular, income … Read more
INCOME on construction services is one of the objects subject to final income tax (PPh). The final income tax scheme for construction service businesses has different rates based on the type of service and the status of ownership of the certificate. Provisions related to final income tax on construction service businesses are mainly regulated in Article … Read more
IN the practice of buying and selling land and/or buildings, a binding sale and purchase agreement (PPJB) is a common transaction. PPJB is carried out as an initial binding agreement before the parties concerned to make a deed of sale and purchase (AJB). PPJB can be a strategy for the seller to earn income on … Read more