With the deadline of reporting of Individual Income Tax Return for year 2017 is getting closer (Saturday, 31 March 31, 2018). For the purpose to complete the SPT 2017 The taxpayer is required to prepare relevant supporting such documentation including income summary, tax article 21 withholding tax certificate, certificate of tax amnesty, assets list and details as of 31 December 2017 for assets located in Indonesia and overseas. There were no significant differences between the 2016 and 2017 reporting.
In 2016, individual taxpayers who followed the tax amnesty has been included additional assets in Statement of Treasury (Surat Pernyataan Harta/ “SPH”) on a list of assets in SPT. There are 2 (two) additional Report for SPT reporting for 2017, as follows:
1. Taxpayer who submit SPH and declares willingness to transfer of additional assets into the territory of the Republic of Indonesia must repatriate the assets to Indonesia and invest this additional property in the territory of the Republic of Indonesia at least 3 years from the time it is being deposited or repatriated to specific account in Indonesia, under this clause, Taxpayer shall submit “Laporan Pengalihan dan Realisasi Investasi Harta Tambahan” (Financial Repatriation Report of Assets and Investments).
2. Taxpayer who submit SPH and declare the additional assets which are located and/or placed in the territory of the Republic of Indonesia shall not be allowed to transfer or invest these additional assets outside the territory of the Republic of Indonesia for at least 3 years after the issuance of their Certificate (certificate of amnesty), under this clause, The taxpayer shall submit “Laporan Penempatan Harta Tambahan dalam Wilayah NKRI” (Additional Placement Report for Assets).
Taxpayer under category micro, small, and medium enterprise (Usaha Mikro, Kecil, dan Menengah/ “UMKM”) is not required to submit tax amnesty post reporting period (PER-07/PJ/2018).
If the taxpayer does not provide the required reports up to the deadline for submission, tax office shall give a notice letter to tax payer to submit the report. In case Taxpayer does not submit the report or does not reply to tax notice letter in 14 days, tax office has possibility to perform tax audit (PER-07/PJ/2018).
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