Zakat Dan Income Tax

3 in the case of nonpayment of zakat there are punishments by the state in this world and there will be a severe punishment on the day of judgment while if the tax is not paid there are some punishments not so severe and.

Zakat dan income tax. 11 year 2006 concerning aceh government declared zakat as a deduction of income taxes payable taxes credit while article 22 of law no. Article 192 of law no. 23 of 2011 on zakat management stated zakat as a deduction of taxable income taxes deductable. Thus muslim owners of trading enterprises whether sole proprietors partnerships and.

The detailed information showed that the 1 618 1 trillion rupiah 85 45 comes from taxable income 275 4 trillion rupiah 14 54 comes from non taxable income while the other 1 2 trillion rupiah 0 06 comes from grant. It does not qualify for 2 5 times tax deduction for the applicable period. According to iras zakat is treated as an expense under section 14 of the income tax act and this is set off against the employment income of that individual. Income tax regulations muharram 1425 h march 2004 以下 所得税法 とする および国王勅令 royal decree no.

Zakat and tax regulations implementing regulations of income tax law implementing regulations of income tax law income tax decisions and circulars concerning withholding tax excise tax excise goods tax law excise tax. Value added tax or vat is an indirect tax imposed on all goods and services that are bought and sold by businesses with a few exceptions. Zakat can be deducted from taxable income of 2 5 of the total. Vat is applied in more than 160 countries around the world as a reliable source of.

Kep 163 pj 2003 on the treatment of zakat on income in the calculation of taxable income stated. Zakat as an income expense zakat contributions are not eligible for 2 5 times tax deduction. This rebate is equivalent to the amount of business zakat paid to the religious authority. Those who pay zakat are promised about many benefits in this world and hereinafter while in paying tax the only benefit is that the taxpayer may get some worldly benefits.

M 1 に基づき発布された2004 年7 月30 日付け発効の 所得税法施行規則 guidelines for the new income tax regulations. It is subject to a maximum of 3 of net profit orrm20 ooowhich effective from the assessment year of2004. Thus there has been disharmony between these two provisions and until now the provisions of zakat as a deduction of income tax.