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Monthly Tax Report
Monthly Tax Report is a tax reporting activity that you must do every month. Yes, this might sound like a hassle because apart from having to report taxes annually, you also have to report taxes every month, but you need to know that monthly tax reporting activities have different purposes.
Monthly tax report is used to report taxes that have been withheld or collected by other parties. For example: PPh article 21 where the Income Tax Law (UU PPh) requires employers to withhold income tax (PPh) on the wages and salaries of their employees.
Documents Required
- Income and expenses statement
- List of company employee names
- Employee ID card (KTP) & Tax Identification Number (NPWP)
Why should you do your monthly tax report?
- Legal Compliance
It is a legal requirement for businesses operating in Indonesia to report their monthly tax obligations accurately and timely. Failure to do so can result in penalties, fines, or other legal consequences. - Avoid Penalties
Timely and accurate tax reporting helps businesses avoid penalties and fines imposed by the Indonesian Tax Office for non-compliance or late submissions. - Facilitate Business Operations
Complying with tax reporting requirements ensures that your business operations run smoothly without interruptions or disruptions caused by tax-related issues or audits. - Contribute to National Development
Taxes collected by the government are used to fund public services, infrastructure projects, and social welfare programs that benefit society and contribute to national development.
Monthly Tax Report Frequently Ask Questions
Companies that have been established and are operating are required to carry out monthly tax reports
The reporting deadline for Periodic Income Tax Returns is the maximum on the 20th of the following month and if it conflicts with a holiday then it is calculated from the next working day. Meanwhile, the reporting deadline for Periodic VAT SPT is the maximum at the end of the following month.
Every month you are required to report company taxes for administrative purposes to legal entities. Failure to fulfill this obligation will result in a fine being imposed
*All payment transactions performed will be converted to Indonesian Rupiah (IDR).
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