What you know about the lates regulation tax and building

What You Should Know About the Latest Land and Building Tax RegulationJakarta, January 2017

2For further info, visit: www.cekindo.com.email to: [email protected], phone: 021-80660999

The Overview

The Minister of Finance has released a new regulation of tax on land and/or building and tax on sale and purchase agreement of land and/or building. The regulations covers tax rates for taxpayers who divert their rights on land or building, how to submit the tax, and information on those who are excluded from the obligation.

Taxpayers need to fulfil their payment for tax according to their income land and/or building. The regulation is in number 261/PMK.03/2016, which appoint to the tax policy

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What’s New on Updated Regulation?

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Minister of Finance released a new regulation of Tax to number 261/MK.03/2016. The government announce there are three types of income tax, related to the objects. Each types has different diversion and policy according to Minister of Finance announcement



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#1 The Government Imposes Zero PercentIncome Tax of Rights Diversion


the government imposes zero percent income tax of rights diversion on land and/or building to the government, state-owned enterprises which are assigned by the government, or provincial government-owned enterprises which hold assignments from their governors.



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#2 Taxpayers Have to Pay 1 Percent of theRights Diversion


taxpayers have to pay 1 percent of the rights diversion on land and/or building for modest houses and modest flats. The taxpayers in this clause are those who run business mostly in diverting rights on land and/or building.



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#3 The Government Levies 2.5 PercentIncome Tax of Net Values for any Rights


the government levies 2.5 percent income tax of net values for any rights diversion of land and/or building which are not stated in the previous clauses, under the 0 percent or 1 percent income tax.



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Submitting the Obligations


Based on the regulation, taxpayers must submit the obligations by themselves or cannot be represented by other parties.

HOW CEKINDO CAN HELP YOU

Cekindo has helped may companies with their financial and tax reporting. To know more detail on what kind of company you should establish related to your specific

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Facilitating the Taxpayers When Submitting the Obligations


The government offers two options in facilitating taxpayers when submitting their obligations.First, taxpayers may deposit their liabilities to banks’ teller. Second, the government provides taxpayers with electronic system in banks to make the payment easier.

Yet, this latest regulation from the Ministry of Finance does not apply to all taxpayers. There are some exceptions made. Individuals whose incomes are under the level of non-taxable income (PTKP), with diversion net value less than IDR 60 million are excluded from the tax obligations.Furthermore, social institution, religious foundations, and small and medium enterprises are also excluded from the obligations above.



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References:• http://www.pajak.go.id/sites/default/files/info-pajak/261-PMK.03-2016-PHTB.pdf

http://www.pajak.go.id/sites/default/files/info-pajak/261-PMK.03-2016-PHTB.pdf

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Senior AdvisorProf. Dr. Rahardi Ramelan

Relevant Experience

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Minister of State for Research and Technology of the Republic of Indonesia and Chairman of the Agency for Assessment and Application of Technology (BPPT) in the Seventh Development Cabinet of the Republic of Indonesia.

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Principal ConsultantMichal Wasserbauer

Michal is currently Principal Consultant at PT Cekindo Bisnis Grup. He has more than 5 year‘s experience in the

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Principal ConsultantNurmia Agustina

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Selected Clients

PT. Cekindo Bisnis Grup

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What you know about the lates regulation tax and building

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