Know the Taxes that must be paid by the property business entrepreneur
Every transaction that takes place in the property business will be taxed. There are two components in one property transaction, namely the subject and object of tax. The tax subject consists of the seller and the buyer, while the tax object is the property itself. The seller or owner of property business is taxed because he receives income in the form of money from the transfer of rights that occur (buying and selling transactions), while the buyer is subject to tax due to receiving goods or receiving rights.
So, it is easily understood that when you as a property entrepreneur receive income, then you have to pay taxes to the State, likewise when you receive goods you are also required to pay taxes to the State. Below are some of the taxes imposed on property entrepreneurs.
Final Income Tax (PPh)
Also referred to as Income Tax in connection with the Transfer of Land & Building Rights is a tax that is levied at a certain rate and tax base on income received or obtained during the year. Payment, deduction, or collection of Final Income Tax (PPh) that is deducted by another party or paid itself is not an advance payment for the income tax payable but is a payment of income tax payable on that income, so that taxpayers are considered to have paid their tax obligations. The amount of PPh is 2.5% of the Transaction Value / Transaction Value.
A 250/200 type house is traded at a price of IDR 3 billion, thus the seller or business owner of the property is subject to a final income tax of 2.5% x IDR 3 billion = IDR 75 million.
Building Land Tax (PBB)
The United Nations is a tax that is levied on land and buildings because of the advantages and/or better socio-economic position for people or entities that have a right to it or benefit from it. The amount of the United Nations value depends on the location, which can be seen in the Tax Return on Land and Building Tax (SPPT PBB). Where in the SPPT listed the amount of the Tax Object Sales Value (NJOP) and the amount of the United Nations that must be paid. Where UN payments are made every year.
- – Value of Selling Tax Object (NJOP) = 2,049,175,000
- – NJOP Not Taxable (NJOP TKP) = 15,000,000
- – NJOP for the calculation of PBB = 2,030,175,000
- – Then the outstanding UN is 0.2% x 2,030,175,000 = 4,060,350
It can be seen that if you have a property with an NJOP value of 2,049,175,000 then the obligation to pay PBB per year is the only Rp4,060,350. This value is certainly very small when compared to the actual value of the tax object. Because the actual property value is generally higher than NJOP.
As a property entrepreneur and a good Indonesian citizen, this tax obligation must be fulfilled well. So that tax problems do not burden you at the end of each business period or at the time of the sale and purchase transaction, it is better for you to be able to calculate and start managing business finances since the beginning of development and property ownership with the help of Journal online accounting software.