INDONESIA TAX SYSTEM
–CORPORATE TAXES– This are taxes charge on profit of companies. The rate is specified by law
-PERSONAL INCOME TAXES-Taxes charged on income of individual.
–CAPITAL GAIN TAXES– taxes on gain of fixed asset disposed
–CUSTOM AND EXCISE TAX
–VAT
–WHT -RESIDENT AND NON RESIDENT
PERSONAL INCOME TAX RATE– Personal income tax is progressive in nature
UPTO IDR 50 MILLION 5PERCENT
OVER IDR 50M TO IDR 250M -15PERCENT
OVER IDR 250M TO 500M-25PERCENT
OVER IDR 500M -30PERCENT
ALLOWABLE EXPENSES FOR INCOME TAX PURPOSE
This is specified by the law. The most common criteria is that the expenses must be incurred for business purpose and must be reasonable.
Disclaimer; we made effort to present tax information; however we disclaim all liability as a result of reliance on this article. Consult your professional