As the first quarter of the year unfolds in Indonesia, Indonesian and expatriate taxpayers are required to file their Annual Tax Returns, known as Surat Pemberitahuan Tahunan (SPT). Beyond being a mere formality, the SPT serves as a comprehensive roadmap, shedding light on the intricate financial journey of the past year. However, this year brings an additional layer of complexity with the impending implementation of the Natura Tax in mid-2023, adding a new dimension to the tax landscape.
What is the Annual Tax Return or Surat Pemberitahuan Tahunan (SPT)?
The Annual Tax Return (SPT) is a crucial document for taxpayers to report their tax calculations, payments, taxable and non-taxable objects, as well as assets and liabilities, in alignment with tax laws. It's a form that taxpayers must file to report their income earned during the tax year. Personal incomes considered tax objectives and must be included in SPT are:
Incomes earned from work, such as salary, wages, bonuses, incentives, etc.
Incomes earned from an investment, such as dividends, revenue, royalty, etc.
Other incomes, such as prizes, tax refunds, etc.
Benefit in kind or Remuneration in-kind (natura)
To complete their SPT, the taxpayers require a withholding Article 21 Income Tax receipt (bukti potong PPh 21) that will be distributed by the employers at the end of the fiscal year. This document provides a comprehensive breakdown, including received income, deducted tax amounts, and any non-monetary taxable benefits, commonly referred to as natura tax.
Understanding the Implications of Natura Tax in the Annual Tax Return
Natura tax is a form of taxation applicable to non-monetary benefits, encompassing goods or services provided by companies to their employees for productive or economic activities; this is often referred to as "3M" (mendapatkan, menagih, memelihara penghasilan).
The natura tax i