First, compute the Income Tax Art. 21 for total salaries without the bonus in the year of Note that Mr. Persie began his job at February 2015.

Transkripsi

1 GANJIL PT. Arsenal Jaya adalah Wajib Pajak sekaligus Pengusaha Kena Pajak. Usahanya adalah menjual barang elektronik. Pada bulan Desember 2015 mempunyai transaksi sebagai berikut: (Semua transaksi sudah termasuk PPN, kecuali tidak terutang atau mendapat fasilitas atau keterangan lain). 1. Melakukan pembayaran kepada Tn. Persie (K/2) sebagai berikut: Gaji : Rp ,00 Tunjangan : Rp ,00 JKK : 0,2% dari gaji pokok JKM : 0,3% dari gaji pokok Iuran Pensiun : Rp ,00 Iuran JHT : Rp72.000,00 Bonus : Rp ,00 Tn. Persie (belum ber-npwp) bekerja sejak Februari Bonus dibayarkan pada bulan September First, compute the Income Tax Art. 21 for total salaries without the bonus in the year of Note that Mr. Persie began his job at February Salary = Rp ,00 Allowance = Rp ,00 JKK = 0,2% x Rp ,00 = Rp ,00 JKM = 0,3% x Rp ,00 = Rp ,00 + Total gross income for a month = Rp ,00 Official Expenditure (5% or maximum Rp ,00) = Rp ,50 - Total net income for a month = Rp ,50 Annualized (x11) = Rp ,50 Personal Exemptions for the year of 2015: - for individual = Rp ,00 - marital status = Rp ,00 - two dependent family members = Rp ,00 = Rp ,00 - Taxable Income for the year of 2015 = Rp ,50 (rounded) = Rp ,00 Income Tax Art. 21 (5%) without bonus = Rp ,00 120% for not owning Tax Registration Number = Rp ,00 Second, compute the Income Tax Art. 21 for total salaries with bonus. Total gross income for a month = Rp ,00 Annualized (x11) = Rp ,00 Bonus (September 2015) = Rp ,00 + Total gross income for the year of 2015 = Rp ,00 Official Expenditure (5% or maximum Rp ,00) = Rp ,50 - Total net income for the year of 2015 = Rp ,50 Personal Exemptions for the year of 2015 = Rp ,00 Taxable Income for the year of 2015 = Rp ,50 (rounded) = Rp ,00 Income Tax Art. 21 (5%) with bonus = Rp ,00 120% for not owning Tax Registration Number = Rp ,00

2 The difference is the Income Tax Art. 21 for the month of September 2015 (Rp ,00 Rp ,00) = Rp ,00 Monthly Income Tax Art. 21 without the bonus (rounded) (Rp ,00 11) = Rp ,00 Income Tax Art. 21 for the bonus = Rp ,00 For December 2015 only: 12/31 Salary Expense Mr. Persie* Income Tax Art. 21 Payable Cash *(Rp ,00 + Rp ,00) 12/31 Pension Premium JHT Premium JKK Premium JKM Premium Cash Membayar honor konsultan kepada Tn. Arsavin (Wajib Pajak, status K/1) sebesar Rp ,00. Pada bulan-bulan sebelumnya sudah dibayarkan honor sebanyak Rp ,00. Tn. Arsavin menyatakan punya penghasilan lain. Note that Mr. Arsavin has income from not only one source. Thus, eventhough this income from PT. Arsenal Jaya is considerably continuous, Mr. Arsavin cannot get any Personal Exemption for this income. Assumption: Mr. Arsavin is not a Taxable Person so there was no VAT in this transaction. Income Tax Art. 21 for the month of December 2015: (5% x 50% x Rp ,00) = Rp ,00 12/31 Salary Expense Consultant Income Tax Art. 21 Payable Cash Membayar jasa membersihkan AC kepada Tn. Wenger (non-wajib Pajak, status K/3) sebesar Rp ,00. Tn. Wenger bekerja berdasarkan perintah dari pemberi kerjanya, yaitu CV. Bersihlah Selalu (PKP). Note that Mr. Wenger worked on behalf of CV. Bersihlah Selalu. Thus, this payment was considerably an object to Income Tax Art. 23, not 21. Also note that this transaction was an object to VAT. 12/31 Service Expense* Prepaid Tax VAT-In Income Tax Art. 23 Payable** Cash *(100/110 x Rp ,00) **(2% x 100/110 x Rp ,00)

3 4. Membayar premi asuransi kepada Cesc Insurance yang berkedudukan di Spanyol sebesar Rp ,00. Pihak Cesc tidak mau dipotong PPh sehingga Wajib Pajak bermaksud melakukan gross-up atas pembayaran tersebut. Note that this insurance payment was not an object to VAT. Income Tax Art % x 50% = 100% - (20% x 50%) x Rp ,00 10% = 100% - 10% x Rp ,00 =10/90 x Rp ,00 = Rp ,00 Net payment = Rp ,00 + Gross-up payment = Rp ,00 12/31 Insurance Expense Income Tax Art. 26 Payable* Cash *(20% x 50% x Rp ,00) 5. Membeli solar sebanyak liter dari Pertamina dengan harga Rp4.500,00 per liter (sudah termasuk PPN). 12/31 Oil Inventory Prepaid Tax Income Tax Art. 22* Prepaid Tax VAT-In Cash *(0,3% x 100/110 x (1.122 x Rp4.500,00)) 6. Membayar jasa pemasangan kabel kepada PT. Bongkar Pasang (PKP usaha jasa konstruksi dengan sertifikasi menengah) sebesar Rp ,00. 12/31 Installation Expense Prepaid Tax VAT-In Income Tax Art. 4 pr. (2) Payable* Cash *(3% x Rp ,00) 7. Mengimpor barang dagangan dengan harga US$13,400, asuransi 5%, ongkos angkut 10%, bea masuk 20%, PPnBM sebesar 30%. Costs = $13,400 Insurance = 5% x $13,400 = $ 670 Freight = 10% x $13,400 = $ 1,340 + Total CIF = $15,410 Import duty = 20% x $15,410 = $ 3,082 + Tax base = $18,492 VAT = 10% x $18,492 = $ 1,849 Sales Tax on Luxury Goods = 30% x $18,492 = $ 5,547 Income Tax Art. 22* = 2,5% x $18,492 = $ 462 *Assumption: PT. Arsenal Jaya owns an Import Identification Number

4 No exchange rate mentioned. Make the entry in US$. 12/31 Inventory 15,410 Import Duty 3,082 Prepaid Tax VAT-In 1,849 Sales Tax on Luxury Goods Expense 5,547 Prepaid Tax Income Tax Art Cash 26, Menerima dividen sebesar Rp ,00. Sebesar Rp ,00 berasal dari Bendtner Corp. yang berkedudukan di Denmark (kepemilikan sebesar 27%, pajak di Denmark sebesar 10%) dan sisanya berasal dari PT. Almunia (kepemilikan 10%). Note that PT. Arsenal Jaya s ownership in Bendtner Corp. is 27% so PT. Arsenal Jaya should record its investment within equity method. For more comprehensive understanding, read the Elucidation of Article 24 of the Law no. 38 of /31 Investment in Bendtner Corp Prepaid Tax Income Tax Art. 24* Income from Investment *(10% x Rp ,00) Note that PT. Arsenal Jaya s ownership in PT. Almunia is 10% so PT. Arsenal Jaya should record its investment within cost method. 12/31 Cash Prepaid Tax Income Tax Art. 23* Dividend Income *(15% x (Rp ,00 Rp ,00)) 9. Menerima pembayaran pelunasan utang pada tanggal 27 Desember sebesar US$9,200 beserta bunga pinjaman sebesar US$1,050. Pinjaman dilakukan pada tanggal 10 Desember 2014 dengan kurs Rp13.750,00/US$. Kurs 31 Desember 2014 Rp13.900,00/US$. Kurs 27 Desember 2015 Rp13.670,00/US$. 10. Menerima uang sewa gudang dari Tn. Guardiola (non-wajib Pajak) dengan harga sewa sebesar Rp ,00. 12/10 Receivable Cash (Rp13.750,00 x $9,200) 12/31 Receivable Gain on Foreign Exchange (OCI) ((Rp13.900,00 Rp13.750,00) x $9,200) 12/27 Gain on Foreign Exchange (OCI) Loss on Foreign Exchange (OCI) Receivable ((Rp13.900,00 Rp13.670,00) x $9,200)

5 Eventhough the gain/loss on foreign exchange were reported in OCI section, those items must be included in the computation of Taxable Income. 12/27 Cash Prepaid Tax Income Tax Art. 23* Interest Revenue** Receivable*** *(15% x (Rp13.670,00 x $1,050)) **(Rp13.670,00 x $1,050) ***(Rp ,00 + Rp ,00 Rp ,00) Loss on foreign exchange remaining in OCI section (Rp ,00) at the end of year 2015 will be closed to Retained Earnings.