Income Tax

 Understanding Income Tax

Taxes may no longer be alienated for Indonesian citizens. Taxes are mandatory payments to the state by the people of the state for the public interest that are coercive. The benefits of paying taxes cannot be felt directly Taxes have a significant role in the state, especially in development.

In essence, taxes are part of the rights and obligations of living as an Indonesian citizen. There are various types of taxes such as income tax or PPN(IT), value added tax or PPN(VAT), sales tax on luxury goods or PPABM(STOLG), Stamp Duty or BM(SD), PBB PBB. And now I will discuss PPH or income tax,

PPH(IT) or income tax is a tax imposed on individuals or entities on income received or earned in a tax year. The income in question can be in the form of business profits, salaries, honors, gifts and, others.

As for how many types of PPH such as PPH Article 15, PPH Article 19, PPH Article 21, PPH Article 22, PPH Article 23, PPH Article 24, PPH Article 25, PPH Article 26, PPH Article 29 and, final PPH Article 4 paragraph 2. Income tax was originally applied to plantation companies established in Indonesia. The tax is embedded with corporate tax which can also be called PPS.

 Corporate tax is a tax imposed on corporate profits and enacted in 1925. After the tax was only imposed on companies for companies that were imposed in Indonesia, finally the tax was imposed per person or employee who worked in an area of the company.

In 1932 the so-called income tax ordinance was enacted. This income ordinance is applied to Indonesians and people who are not residents of Indonesia but have income in Indonesia. In 1935 the wage tax ordinance was enacted which required employers to deduct salaries or wages of employees to pay taxes on salaries received.

The basis of tax imposition (DPP) is the basis of imposition obtained from the taxable income of the income recipient taxpayer. The basis for the imposition of taxes and deductions for PPH article 21 is taxable income for permanent employees, periodic pension recipients, non-permanent employees whose income is paid monthly, not an employee. There are taxpayers in question who have a taxpayer identification number or, NPWP.

Article 21 PPH rates are deducted from the amount of taxable income or PKP which is rounded down in thousands. The PPH rate is progressive, which means that the higher the income received, the higher the tariff layer will be imposed. Based on Article 17 of the PPH Law, the applicable tax rates are:

5% (5Percent) For annual income up to IDR 50,000,000.

15% (15Percent) For income above IDR 50,000,000 to IDR 250,000,000.

25%(25Percent) For income above IDR 250,000,000 to IDR 500,000,000.

30% (30Percent) For income above IDR 500,000,000.

Those who receive income who do not have an NPWP are subject to very high rates.

Income tax depositors must be deposited no later than the 10th of the following month after the tax period ends.

 

While the payment is no later than the 15th of the following month after the tax period ends.

For now, paying taxes can not only be done by direct deposit but can be paid online. By paying taxes online, it makes it easier for taxpayers to pay taxes because there is no need to wait or queue long.

Thus, it is expected that all people or residents obey to pay taxes because taxes are one of the rights and obligations for Indonesian citizens. Indonesia. The development will also run smoothly and various public facilities will be available so that people feel the benefits of paying taxes.

Thanks for reading & sharing Daftar Alamat Lengkap