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Income tax rate 0 5 of the revenue gross income general tax rate 12 5 25 of the profit.
Income tax rates reduced. Applying the corporate income tax rate for publicly listed taxpayers on september 1 2020 the minister of finance mof issued regulation no. From ya 2017 the tax rates for non resident individuals except certain reduced final withholding tax rates has been raised from 20 to 22. Moreover you also cannot proceed with the reduced tax rate. All those earning above 5 lakh will be taxed as per the slab shown in the table.
To avail the reduced tax rate benefits in this optional tax regime you need to forgo as many as 100 tax exemptions deductions including 80c. 123 pmk 03 2020 pmk 123 which provides administrative guidelines to enjoy the corporate income tax cit rate reduction for publicly listed taxpayers registered in the indonesia stock exchange. Even if your annual income does not exceed idr 4 8 billion the new government regulation pp 23 allows you to choose between two income tax rates. No section of the in come tax act nature of receipts existing rate of tcs reduced rate from 14 05 2020 to 31 03 2021 1 206c 1 sale of a tendu leaves 5 3 75.
The tax rate for individuals post budget 2020 will be nil for individuals earning upto 5 lakh a year.
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