Apart from Shares, These 2 Investments Also Use Final Income Tax My Money – 2 days ago

Jakarta, CNBC Indonesia – Statement Deputy Chair of the Prabowo-Gibran National Campaign Team (TKN) Erwin Aksa, there has been a lot of discussion regarding stock and crypto traders regarding taxation. Erwin also said that they often do not report taxes.

In stock investments, traders will be deducted Final Income Tax by the Stock Exchange organizers through securities brokers on stock sales income. The amount of PPh imposed is 0.1% of the gross transaction value.

Meanwhile, profits in the form of dividends are not subject to tax as long as the dividends are reinvested in the form of capital investments, securities, financial investments in perception banks, infrastructure investments, and investments in the real sector. This is stated in Law Number 11 of 2020 concerning Job Creation (Job Creation Law).

However, talking about crypto, this investment tax calculation will refer to the general Personal Income Tax (PPh) calculation mechanism.

So what investments are subject to final income tax and can you start with small capital? Here's the review.

Bond

Based on Article paragraph (2) PP No. 91 of 2021, the income tax rate for bond interest is 10% of the income tax base.

The basis for taxation comes from interest from bonds with coupons, discounts from bonds with coupons, and discounts from bonds without interest.

The parties authorized to withhold income tax on bond interest are the bond issuer/custodian, securities company, dealers,banks, pension funds, or mutual funds, and custodians/sub register.

Deposit

This instrument is perhaps the most well-known instrument because of its simplicity. Moreover, currently there are quite a lot of deposits issued by digital banks that can be accessed online.

Taxes related to deposits are regulated by Minister of Finance Regulation Number 212/PMK.03/2018 concerning Income Tax Deductions on Deposit and Savings Interest and Bank Indonesia Certificate Discounts, on returns in the form of interest obtained from deposits are subject to final Income Tax (PPh) at a rate of 20% of the interest earned.

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