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    Indonesian Taxation: for Academics and Foreign Business Practitioners Doing Business in Indonesia
    Indonesian Taxation: for Academics and Foreign Business Practitioners Doing Business in Indonesia
    Indonesian Taxation: for Academics and Foreign Business Practitioners Doing Business in Indonesia
    Ebook108 pages1 hour

    Indonesian Taxation: for Academics and Foreign Business Practitioners Doing Business in Indonesia

    By Regina Niken Wilantari

    ()

    Read preview

    About this ebook

    This Indonesian Taxation Book describes taxation in general in Indonesia so that it can provide an overview for business practitioners, especially business practitioners who are not Indonesian citizens. However, they have a business in Indonesia and can be used as a tax textbook for students. This Indonesian Taxation Book discusses 5 general topics including:
    1. Indonesian Tax and Tax Law
    2. Classification of Taxes in Indonesia
    3. Tax Payable, and Tax Collection in Indonesia
    4. General Provisions and Tax Procedures in Indonesia
    5. Indonesia's Fiscal and Macroeconomic Policy
    The five topics constitute basic knowledge for understanding taxation in Indonesia, including understanding the impact of fiscal policy on Indonesia's macroeconomy. Where Indonesia's macroeconomy is an indicator in making business decisions and investment by international business practitioners who want to invest or open a business in Indonesia
    The author is working hard to develop this book to its full potential for students. However, constructive criticism and suggestions are open to writers for all parties for the sake of perfection in the development of international economics textbooks.
    LanguageEnglish
    PublisherTriple Nine Communication
    Release dateApr 25, 2021
    ISBN9791221345650
    Indonesian Taxation: for Academics and Foreign Business Practitioners Doing Business in Indonesia

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      Book preview

      Indonesian Taxation - Regina Niken Wilantari

      Indonesian Taxation

      for Academics and Foreign Business Practitioners Doing Business in Indonesia

      By

      Dr Regina Niken Wilantari 1

      1 An Academic and Economic Researcher at the Economics Department, Faculty of Economics and Business, University of Jember, Indonesia

      Triple Nine Communication Press

      Singapore 2021

      Indonesian Taxation

      © Triple Nine Communication Press

      Singapore 2021

      82 pages, 8.5 inch x 11 inch

      ISBN : 978-1-6780-4670-5

      Author : Dr Regina Niken Wilantari (Indonesia)

      Editor : Adriana Assyami (German)

      Layout : Alex Norish (German)

      Cover Design : Alejandro Gonzalo (Spain)

      Translator : Lilik Sumarsih (Indonesia), Alejandro Gonzalo (Spain)

      Photos and Illustrations :

      Andrea Piacquadio (Hungary), Artem Beliaikin (Russia), Nataliya Vaitkevich (Valencia) .

      Published on 21 April 2021

      In Singapore

      By

      Triple Nine Communication Press

      No 7 Temasek Boulevard#12-07

      Suntec Tower One

      Singapore, 038987

      Singapore

      Website : tripleninecommunication.com

      Email : hello@tripleninecommunication.com

      In collaboration with PT.Frost Yunior and STIE Jaya Negara Taman Siswa Malang

      Distributed by Triple Nine Communication and partners.

      Note : It is prohibited to quote or reproduce part or all of the contents of this book in any way, without the written permission of the publisher. This book is distributed to 150 countries on 4 continents (ASIA, EUROPE, AMERICA, AFRICA) with various publishers and partner distributors . You may find and purchase this book with the triple nine communications partner publisher in your country. You may also find this book published with a different ISBN from the official publications in Singapore and Madrid because partner publishers publish with different versions and with different ISBNs.

      Foreword

      This Indonesian Taxation Book describes taxation in general in Indonesia so that it can provide an overview for business practitioners, especially business practitioners who are not Indonesian citizens. However, they have a business in Indonesia and can be used as a tax textbook for students. This Indonesian Taxation Book discusses 5 general topics including:

      1. Indonesian Tax and Tax Law

      2. Classification of Taxes in Indonesia

      3. Tax Payable, and Tax Collection in Indonesia

      4. General Provisions and Tax Procedures in Indonesia

      5. Indonesia's Fiscal and Macroeconomic Policy

      The five topics constitute basic knowledge for understanding taxation in Indonesia, including understanding the impact of fiscal policy on Indonesia's macroeconomy. Where Indonesia's macroeconomy is an indicator in making business decisions and investment by international business practitioners who want to invest or open a business in Indonesia

      The author is working hard to develop this book to its full potential for students. However, constructive criticism and suggestions are open to writers for all parties for the sake of perfection in the development of international economics textbooks.

      Best regards

      Dr Regina Niken Wilantari 1

      1 An Academic and Economic Researcher at the Economics Department, Faculty of Economics and Business, University of Jember, Indonesia

      Table Of Contents

      Indonesian Taxation 1

      for Academics and Foreign Business Practitioners Doing Business in Indonesia 1

      Foreword 1

      1.1. Types of Taxes in Indonesia 5

      1.2. Tax Functions for the State and Society in Indonesia 6

      1.3. Tax Collection Theory 8

      1.4. Taxation Principles 18

      Chapter 2. Classification of Taxes in Indonesia 23

      2.1. Tax Classification in Indonesia 25

      2.1.1. Types of taxes according to the collection agency 26

      2.2. Types of taxes according to their nature 30

      2.3. Types of taxes according to the class 31

      2.4. Tax Benefits & Functions 32

      2.5. Tax Perspective from Economic and Legal Sides 33

      Chapter 3. Tax Payable, and Tax Collection in Indonesia 35

      1. Official Assessment System 36

      2. Self Assessment System 37

      3. Withholding System 38

      3.1. Incurrence and Elimination of Tax Payable 38

      Chapter 4. General Provisions and Tax Procedures in Indonesia 42

      4.1. Taxpayer 43

      Chapter 5. Indonesia's Fiscal and Macroeconomic Policy 66

      5.1. Annual Income Tax Return 66

      5.2. Tax Assessment Letter 68

      5.3. Income Tax Collection in Indonesia 72

      References 76

      Taxation Illustration, Photo by Nataliya Vaitkevich from Valencia

      In Indonesia, Taxes Are Obligatory Citizen Contribution. This means that everyone has an obligation to pay taxes. However, this only applies to citizens who have met the subjective and objective requirements. Namely, citizens who have incomes exceeding Non-Taxable Income (PTKP). The current PTKP is Rp. 54 million per year or Rp. 4.5 million per month. That means, if you have an income of more than Rp.4.5 million a month it will be taxable. Meanwhile, if you are an entrepreneur or entrepreneur with turnover, the Final Income Tax rate of 0.5% applies from the total gross turnover (turnover) up to IDR 4.8 billion in one tax year (based on PP 23 of 2018).

      Taxes are Compulsory for Every Citizen. If someone has met the subjective and objective requirements, then he is obliged to pay taxes. In the tax law, it has been explained, if someone deliberately does not pay the tax that should be paid, then there is the threat of administrative sanctions as well as criminal penalties. Citizens Do Not Get Direct Benefits. Tax is different from retribution. Examples of fees: when you get parking benefits, you have to pay a certain amount of money, namely parking fees, but taxes are not like that. Tax is a means of equalizing citizens' income. So when you pay a certain amount of tax, you don't immediately receive the benefits of the tax paid. What you will get, for example, is in the form of road repairs in your area, free health facilities for families, educational scholarships for your children, and others. Tax is regulated in state law. There are several laws that regulate the mechanisms for calculating, paying and reporting taxes.

      Taxes are mandatory levies from the people for the state ( Walczak et al,2017) . Every penny of tax money paid by the people will be included in the state income post from the tax sector. Its use is to finance central and regional government spending for the welfare of the community. Tax money is used for a public interest, not for personal gain. Taxes are a source of government funds to fund development at the central and regional levels, such as building public facilities, financing health and education budgets, and other productive activities. Tax collection can be enforced because it is implemented based on law. The Law of the Republic of Indonesia in the KUP Law Number 28 of 2007, article 1, paragraph 1, defines taxes as compulsory contributions to the state that are owned by an individual or entity that is compelling under law, without receiving direct compensation and is used for the state needs for the greatest prosperity of the people. Tax law or fiscal law is a set of regulations that regulate the rights and obligations as well as the relationship between taxpayers and the government as tax collectors. Tax law is a series of rules that govern how taxes are levied, on what circumstances or events the tax is imposed, and how much or how much tax is imposed. Taxation law or fiscal law is a part of public law that regulates taxation issues between the people as taxpayers and the government as tax collectors ( Pistone et al,2019) .

      Tax law or fiscal law is the whole of the regulations covering the authority of the government, to take someone's wealth and hand it back to the community

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