Eng
10-01-2025 No comments yet

What You Need to Know About the 12% VAT

The 12% VAT will be effective from January 1, 2025, but until now, many people still do not fully understand the basis for tax imposition under this regulation. According to PMK Number 131 of 2024, the 12% VAT has the following basis for tax imposition:

Starting January 2025

  • A 12% rate will apply to the sale price or import value for imports and/or the delivery of Goods Subject to Tax (GST) for luxury goods such as:
    • Motor vehicles (according to PMK No. 42/PMK.010/2022)
    • Goods other than motor vehicles subject to the luxury goods tax (according to PMK No. 15/PMK.03/2023)
  • 12% rate will apply to 11/12 of the import value, sale price, or compensation for:
    • Import and/or delivery of non-luxury Goods Subject to Tax (GST)
    • Delivery of Taxable Services (JKT)
    • Utilization of intangible GST from outside the Customs Area
    • Utilization of JKT from outside the Customs Area

The above rate provisions are excluded for Taxable Entrepreneurs (PKP) who apply VAT on the delivery of GST and/or JKT using a different Tax Base Value (DPP) or a specific amount determined by regulations in the field of taxation.

The following provisions will apply for end consumers of luxury goods:

  • Starting January 1, 2025 (12% x 11/12 of the sale price)
  • Starting February 1, 2025 (12% x the sale price)

What the public must know is that Tax Invoices and certain documents that have the same status as Tax Invoices made from January 1, 2025 to March 31, 2025 for Imports and/or delivery of Taxable Goods, delivery of Taxable Services, utilization of intangible Taxable Goods or utilization of Taxable Services as regulated in Article 3 of PMK 131 of 2024, which includes:

  1. Tax base of full selling price/replacement/import value and a rate of 12%; or
  2. Tax base from selling price/replacement/full import value and a rate of 11%, deemed to have been filled in correctly, completely and clearly as long as the Tax Invoice and certain documents whose status has been equated with the Tax Invoice have included other information in accordance with the provisions of laws and regulations in the field of taxation.

For excess VAT collection due to inclusion of the Taxable Base from the full selling price/replacement/import value, the following provisions apply:

  1. The taxable party requests a refund of the excess Value Added Tax collection to the selling Taxable Entrepreneur; and
  2. Based on a request for a refund from the party being collected, the selling Taxable Entrepreneur shall make corrections or replace the Tax Invoice or certain documents which have the same status as the Tax Invoice.

Certain documents that have the same status as Tax Invoices that do not include the Tax Base in the form of another value but contain other information in accordance with the provisions are deemed to have been filled in correctly, completely and clearly.

Through this explanation, it is hoped that the public will better understand the context and applicability of the 12% VAT regulation.

This article is based on:
PERATURAN MENTERI KEUANGAN NOMOR 131 TAHUN 2024, DATED 31 DESEMBER 2024
PERATURAN DIREKTUR JENDERAL PAJAK NOMOR PER-01/PJ/2025, DATED 3 JANUARI 2025

–––––

Bukuku Personal is a personal financial recording application equipped with Report, Budget, and Tax Calculation Features for Individuals & MSME. Download Bukuku Personal on Play Store or App Store.

Follow us for the latest news on financial and tax records through social media:
Instagram: @Bukukuapp
Facebook: BukukuApp
YouTube: @bukukuapp717

Post Views: 72