Interest: 15% (resident company or individual) / 20% (non-resident or if paid to a resident by a bank); Royalties: 15% (resident)/ 20% (non-resident). Special withholding tax rates apply under international tax agreements signed by Indonesia. The United Kingdom and Indonesia are bound by a double taxation treaty .
to the five rates of the income tax law no 17 year. 2000. As can be seen in the previous T ables 1. ’Individual income tax in Indonesia: Be-havioral response, incidence, and the
Personal income tax (PIT) rates; Personal income tax (PIT) due dates; Indonesia Individual - Sample personal income tax calculation Last reviewed - 23 June 2023.
Small company discount. Small enterprises (i.e. corporate taxpayers with an annual turnover of not more than 50 billion rupiah [IDR]) are entitled to a 50% tax discount of the standard rate, which is imposed proportionally on taxable income on the part of gross turnover up to IDR 4.8 billion. Surtax: In addition to the statutory corporate income tax rate of 15%, a 10% surtax is imposed on annual income in excess of BRL 240,000, and a 9% social contribution tax (CSLL) is levied on adjusted net income. For financial institutions, the CSLL rate is 20%. Insurance companies, foreign exchange brokers, credit cooperatives, and other 35%. Income from $ 5,000,000,000.01. and above. Indonesia Non-Residents Income Tax Tables in 2023: Income Tax Rates and Thresholds (Annual) Tax Rate. Taxable Income Threshold. 20%. Flat rate on all taxable income. • A reduction in the corporate income tax (CIT) rate; • Super tax deduction facilities for certain activities or expenditure; • Employee income tax being borne by the government; • Final income tax of 0% on certain gross income for micro, small, and medium-sized enterprises (usaha mikro, kecil, dan menengah (UMKM)); .