What is the corporate tax rate in Indonesia?

How much is Indonesia corporate tax?

Corporate income tax (CIT) rates

For fiscal year 2020/21, a flat CIT rate of 22% applies to net taxable income. For fiscal year 2022 onwards, a flat CIT rate of 20% applies to net taxable income.

What is the company tax rate for 2020?

Company Income Tax Rates. The small business company tax rate for 2020-21 is 26%. From 1 July 2021, for 2021-22 and later periods, the rate becomes 25%.

Do expats pay tax in Indonesia?

The tax office requires all expatriates resident in Indonesia to register with the tax office and obtain their own separate tax number (NPWP) and pay monthly income taxes, file annual tax returns, and pay tax on their income earned outside Indonesia, less tax paid in other jurisdictions on the additional overseas …

Is Indonesia a tax haven?

Indonesia: Top Six Tax Haven Countries as the Strategy to Tax Avoidance.

Is Indonesia a tax free country?

Indonesian resident taxpayers are subject to tax on worldwide income. Non-residents are subject to tax on Indonesian-source income only. Diplomats and representatives of certain international organisations are excluded from Indonesian tax if the countries they represent provide reciprocal exemptions.

What country has the lowest corporate tax rate?

Places With Low Corporate Tax Rates and an Incredible Quality of…

  • Guernsey (0% corporate tax) …
  • Barbados (5.5% corporate tax) …
  • Hungary (9% corporate tax) …
  • Gibraltar (10% corporate tax) …
  • Cyprus (12.5% corporate tax) …
  • Ireland (12.5% corporate tax—likely rising to 15% under G7 reforms) …
  • Canada (15% corporate tax)
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