Individual taxpayers, whether they have employee status or work independently, are required to calculate the actual tax payable at the end of the year to determine the position of the tax balance that still has to be paid.<\/p>\n\n\n\n
A. INCOME TAX OBJECTS<\/strong><\/p>\n\n\n\n The object of Income Tax is income, namely any additional economic capacity received or obtained by the Taxpayer, whether originating from Indonesia or outside Indonesia, which can be used for consumption or to increase the wealth of the Taxpayer concerned, in whatever name and in whatever form.<\/p>\n\n\n\n However, there are several types of income that are not Income Tax Objects, including:<\/p>\n\n\n\n B. TAXABLE INCOME<\/strong><\/p>\n\n\n\n The steps to obtain the amount of Taxable Income are as follows:<\/p>\n\n\n\n First, calculate all income received or accrued in one tax year, except income which is not a tax object and income which has been subject to Final Income Tax.<\/p>\n\n\n\n The amount of net income earned in one year can be determined from the results of bookkeeping\/recording carried out by individual taxpayers who carry out freelance work, and\/or proof of tax withholding (form 1721) provided by employers to their employees.<\/p>\n\n\n\n Second, subtract non-taxable income (PTKP) from the net income. The amount of non-taxable income for individual taxpayers is as follows:<\/p>\n\n\n\n The amount of non-taxable income is determined from the conditions at the beginning of the tax year or the beginning of part of the tax year. From the results of these calculations we get the amount of taxable income.<\/p>\n\n\n\n C. INCOME TAX RATES<\/strong><\/p>\n\n\n\n The income tax rates for domestic individual taxpayers are as follows:<\/p>\n\n\n\n D. Tax Repayment in the Current Year<\/strong><\/p>\n\n\n\n After obtaining the Taxable Income and tax payable figures, the next step is to subtract the calculated income tax from the tax credit. Tax credits are taxes that have previously been paid, either through a deduction mechanism by another party, or by paying it yourself. The result of this deduction is the income tax that you still have to pay yourself.<\/p>\n\n\n\n E. Illustration of Calculation of Tax Due<\/strong><\/p>\n\n\n\n After knowing the concept above, let's look at the following illustration.<\/p>\n\n\n\n Mr. Leopold, an office worker with a part-time business repairing electronic equipment, has one wife and one child who is two years old. He has a total net income of IDR 300,000,000.00 this year, of which IDR 200,000,000.00 comes from his work at Hydra Corp. and the remaining Rp. 100,000,000.00 came from his electronic equipment repair business. For his income at Hydra Corp., Mr. Leopold has had income tax deducted amounting to IDR 15,550,000.00 which is stated on the tax withholding receipt (form 1721). Mrs. Jemma, Mr. Leopold's wife, is a housewife who has no income.<\/p>\n\n\n\n From this data, calculations can be made like this:<\/p>\n\n\n\n Net Income Rp. 300,000,000.00 Tax payable Thus, the tax that still needs to be paid is: Taxes that still have to be paid do not always have a balance as in the case of Mr Leopold. The balance can be worth zero, or be worth an overpayment. In the event that the accrued tax has a balance, the taxpayer is obliged to deposit the deficiency into the state treasury. However, if the balance is overpaid, the taxpayer can compensate it for the next tax period, or submit a refund of the tax overpayment (restitution) to the Tax Service Office where the taxpayer is registered.<\/p>\n\n\n\n F. Bookkeeping and recording<\/strong><\/p>\n\n\n\n Bookkeeping is a recording process that is carried out regularly to collect financial data and information which includes assets, liabilities, capital, income and costs, as well as the total price of acquisition and delivery of goods or services, which is closed by preparing a financial report in the form of a balance sheet and profit and loss report for the period of the Tax Year.<\/p>\n\n\n\n Bookkeeping must be maintained in Indonesia using Latin letters, Arabic numerals, Rupiah currency units, and prepared in Indonesian using other procedures permitted by the Minister of Finance.<\/p>\n\n\n\n Bookkeeping must be carried out using the system commonly used in Indonesia, for example based on Financial Accounting Standards, unless tax laws and regulations determine otherwise.<\/p>\n\n\n\n Meanwhile, recording is the process of regularly collecting data regarding circulation or gross receipts and\/or gross income as a basis for calculating the amount of tax payable, including income that is not an object of tax and\/or that is subject to final tax.<\/p>\n\n\n\n Taxpayers who are required to carry out bookkeeping are corporate taxpayers and individual taxpayers who carry out business activities or independent work. Exempted from this obligation are individual taxpayers carrying out business activities or independent work who have a turnover of less than IDR 4,800,000,000.00 in one year, or according to the applicable tax regulations are permitted to keep records.<\/p>\n\n\n\n Books, notes and documents, electronic data which are the basis for bookkeeping must be kept for 10 (ten) years in Indonesia (in accordance with the expiry date for investigations into criminal acts in the field of taxation).<\/p>\n\n\n\n Source: https:\/\/www.pajak.go.id\/id\/mekanisme-penghitungan-pajak-penghasilan-orang-personal<\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" Individual taxpayers, whether they have employee status or work independently, are required to calculate the actual tax payable at the end of the year to determine the position of the tax balance that still has to be paid. A. INCOME TAX OBJECT The object of Income Tax is income, namely any additional economic capability received or obtained by the Taxpayer, whether originating from... Read More »MECHANISM FOR CALCULATING INDIVIDUAL INCOME TAX<\/span><\/a><\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_joinchat":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1867","post","type-post","status-publish","format-standard","hentry","category-pajak-shintawulandari"],"_links":{"self":[{"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/posts\/1867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/comments?post=1867"}],"version-history":[{"count":2,"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/posts\/1867\/revisions"}],"predecessor-version":[{"id":1870,"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/posts\/1867\/revisions\/1870"}],"wp:attachment":[{"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/media?parent=1867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/categories?post=1867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kkpshintawulandari.com\/en\/wp-json\/wp\/v2\/tags?post=1867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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Non-taxable income (married, 1 child) (Rp. 63,000,000.00)
Taxable income IDR 237,000,000.00<\/p>\n\n\n\n
5% x Rp. 50,000,000.00 Rp. 2,500,000.00
15% x (Rp. 237,000,000.00-Rp. 50,000,000.00) IDR 28,050,000.00
Total tax payable IDR 30,550,000.00<\/p>\n\n\n\n
Total tax owed Rp. 30,550,000.00
Tax credit (proof of withholding from Hydra Corp.) (Rp. 15,550,000.00)
Tax that still needs to be paid. Rp. 15,000,000.00<\/p>\n\n\n\n