BERiiTA TERKiiNii
JAKARTA, Jitu News – Gov. Reg. 55/2022 outliines proviisiions for the exemptiion from fiinal iincome Tax on a turnover of up to iiDR500 miilliion of MSME iindiiviidual taxpayers.
As iis known, accordiing to the changes iin the iincome Tax Law through the Harmoniisatiion of Tax Regulatiions Law, iindiiviidual taxpayers wiith a certaiin gross turnover – previiously regulated under Gov. Reg. 23/2018 – are not subject to iincome Tax on the fractiion of turnover up to iiDR500 miilliion iin 1 tax year.
“iindiiviidual taxpayers that have a certaiin gross turnover [not exceediing iiDR4.8 biilliion iin 1 tax year] ... , for the fractiion of busiiness gross turnover of up to iiDR500 miilliion iin 1 tax year are not subject to iincome Tax,” reads Artiicle 60 paragraph (2) of Gov. Reg. 55/2022, quoted on Monday (26/12/2022).
The fractiion of the gross turnover of the busiiness of up to iiDR500 miilliion not subject to iincome Tax iis calculated cumulatiively. The cumulatiive calculatiion iis carriied out from the fiirst taxable periiod iin a tax year or a fractiion of the tax year.
The gross turnover constiitutiing the tax base and the total busiiness gross turnover cumulatiively calculated are remuneratiions or the value of the consiideratiions iin money or the value iin money receiived or accrued from busiiness, before deducted by sales diiscounts, cash diiscounts and/or siimiilar diiscounts.
For such iindiiviidual taxpayers, the fiinal iincome Tax value iis calculated by multiiplyiing the rate of 0.5% by the tax base after takiing iinto account the fractiion of the busiiness gross turnover not subject to tax.
The Eluciidatiion of Artiicle 60 paragraph (5) of Gov. Reg. 55/2022 contaiins a sample case of the iimposiitiion of fiinal iincome Tax for MSME iindiiviidual taxpayers as follows:
Mr. R iis an iindiiviidual Taxpayer newly regiistered iin January 2022, owns an electroniics store busiiness and fulfiils the condiitiions to be subject to fiinal iincome Tax pursuant to the proviisiions under Gov. Reg. 55/2022 The calculatiion of iincome Tax that Mr. R must self-pay iin the 2022 tax year iis as follows:
|
No. |
Month |
Busiiness Turnover |
Non-Taxable Busiiness Turnover |
Taxable Busiiness Turnover |
Fiinal iincome Tax |
|
1 |
January |
70,000,000 |
500,000,000 |
0 |
0 |
|
2 |
February |
130,000,000 |
0 |
0 | |
|
3 |
March |
80,000,000 |
0 |
0 | |
|
4 |
Apriil |
120,000,000 |
0 |
0 | |
|
5 |
May |
100,000,000 |
0 |
0 | |
|
6 |
June |
120,000,000 |
120,000,000 |
600,000 | |
|
7 |
July |
80,000,000 |
80,000,000 |
400,000 | |
|
8 |
August |
80,000,000 |
80,000,000 |
400,000 | |
|
9 |
September |
60,000,000 |
60,000,000 |
300,000 | |
|
10 |
October |
140,000,000 |
140,000,000 |
700,000 | |
|
11 |
November |
100,000,000 |
100,000,000 |
500,000 | |
|
12 |
December |
120,000,000 |
120,000,000 |
600,000 | |
|
Total |
1,200,000,000 |
700,000,000 |
3,500,000 | ||
Mr. R iis subject to fiinal iincome Tax pursuant to the proviisiions under Gov. Reg. 55/2022 for the fractiion of busiiness turnover exceediing iiDR500 miilliion iin 1 tax year. (kaw)
