Arofah Jaya located in Malang Indonesia earned net income in 2021 as detailed below: a.In Malaysia, income
Question:
Arofah Jaya located in Malang Indonesia earned net income in 2021 as detailed below:
- a. In Malaysia, income in the form of business profits is IDR. 250,000,000 while Malaysia treats the tax rate applicable in its country as 40%.
- b. In the country of Brunei Darussalam, there was a loss of Rp. 300,000,000, while the tax rate in Brunei Darussalam is 25%.
- c. Domestically, it earns an operating profit of Rp. 800,000,000.
- d. Gross Circulation (Turnover) from business activities is Rp. 55,000,000,000
How much foreign tax credit is allowed (PPh article 24)?
2. PT. Barokah in 2019 earned a net income of Rp. 600,000,000 in 2019 PT. Barokah has paid taxes as follows.
- PPh PS 25 on imported goods amounting to IDR. 60,000,000
- PPh PS 23 on rent, dividends, etc. is IDR. 20,000,000
- Tax paid abroad is IDR. 25,000,000 of this amount can be credited at 15,000,000
PT. Annual SPT. The blessing was delivered in April 2020, while the tax installment for December 2019 was IDR. 2,000,000. In July 2020 PT. Barokah received a letter from the local KPP office containing a Tax Assessment Letter stating that the 2020 PPh 25 installment was IDR. 3,000,000
How much is PPh 25 for 2020?
3. PT. Armada Jaya is a building rental company with a function for meetings and celebration activities. In 2021, he insured the building he owned with the overseas insurance company China Life Insurance. Premiums paid by PT. Armada Jaya to China Life Insurance amounting to Rp. 1,500,000,000.
How much PPh article 26 is withheld by PT. Jaya Armada?
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill