In this course you will learn about Withholding Tax which is imposed on income from investment, service delivery, gift and award earned by domestic taxpayers, as well as, by foreign taxpayers. You will also learn about final tax. Both Withholding Tax and Final Tax is tax imposed on income when the income is earned. However, unlike Withholding Tax, Final Tax is not creditable. Knowledge on this is essentials in understanding contract financial terms.
Overview
In this course you will learn about Withholding Tax which is imposed on income from investment, service delivery, gift and award earned by domestic taxpayers, as well as, by foreign taxpayers. You will also learn about final tax. Both Withholding Tax and Final Tax is tax imposed on income when the income is earned. However, unlike Withholding Tax, Final Tax is not creditable. Knowledge on this is essentials in understanding contract financial terms.
Objectives
- Understand the responsibility of tax withholder under the Indonesian Income Tax Law
- Understand what are the subject, object, base and rate under Article 4(2), 21,22, 23, 26 of the Income Tax Law
- Understand the tax obligation of foreign tax subjects and a permanent establishments and how its affect the domestic taxpayers who use the services
Target Participants
This course is designed for Managers or Supervisors of Finance or Procurement Departments and other supervisors who deals with service providers and contracts.
