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Indonesia
Overview
Last reviewed - 27 June 2024Indonesia, located between the Indian Ocean and the Pacific Ocean along the equator between Asia and Australia, is divided into 38 provinces, with Jakarta as its capital. The official language of Indonesia is Indonesian, and the currency is the rupiah (IDR).
Indonesia, which consists of over 17,000 islands and approximately 280 million people, is the world's fourth-most-populous country. It is also the world's third-largest democracy, and the world's largest archipelagic state.
Indonesia continues its serious efforts to promote foreign investment as well as domestic investment, capital accumulation, and the export of goods other than energy and mineral resources to expedite economic development and to become internationally competitive. A broad range of deregulatory measures have been implemented, and additional measures and tax facilities can be expected to further enhance the investment climate.
As one of the leading tax practices in Indonesia, PwC Indonesia includes more than 300 professionals consisting of accountants, lawyers, and finance specialists. Our practice strives to understand your business, working together with you and contributing our expertise as tax specialists for the best outcome for your business. We not only listen to your questions and address your immediate concerns, but we also dig further to identify any other issues and needs you may have. We then work together with you to arrive at the best possible solutions.
PwC Indonesia offers services in the following areas:
- Tax advisory services.
- Tax compliance services.
- Tax dispute resolutions.
- Transfer pricing.
- Indirect tax and world trade management services.
- Mergers and acquisitions (M&A).
- International assignment services (IAS).
- Inward investment services.
- Payroll services.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
22 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
The end of the fourth month after the book year-end. |
| CIT final payment due date |
Anytime prior to the submission of the CIT return. |
| CIT estimated payment due dates |
Monthly, by the 15th day of following month. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
35 |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
The end of the third month after the calendar year end. |
| PIT final payment due date |
The end of the third month after the calendar year end before filing the tax return. |
| PIT estimated payment due dates |
15th day of the month following the month when the income was received. |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
11 |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident:10 or exempted (individuals), exempted (corporate)* / 10**, 15, or 20 / 15; Non-resident: 20 / 20 / 20. * See Dividend income in the Income determination sections. ** See the Withholding taxes section. |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Capital gains are subject to the normal CIT rate, except for certain tax objects subject to final income tax (see the Withholding taxes section). |
| Headline individual capital gains tax rate (%) |
Capital gains are subject to the normal PIT rate, except for certain tax objects subject to final income tax (see the Individual tax summary). |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
NA |
| Headline gift tax rate (%) |
NA |
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