Differences in Input Tax Before and During the Coretax Transition Period
Please note that there are different provisions regarding input tax before and during the Coretax transition period. Before Coretax, Input Tax that has not been credited with Output Tax in the same Tax Period, can be credited in the next Tax Period no later than 3 (three) Tax Periods after the end of the Tax Period when the Tax Invoice is made.
Meanwhile, during the Coretax Transition Period, Input Tax is credited with Output Tax in the same Tax Period. For more details, an example of this crediting is as follows:
- Input Tax Invoice dated 1 September 2024 can be credited in the Tax Period of September, October, November, December 2024
- Input Tax Invoice dated 1 October 2024 can be credited in the Tax Period of October, November, December 2024
- Input Tax Invoice dated November 1, 2024 can be credited in the November, December 2024 Tax Period
- Input Tax Invoice dated December 1, 2024 can be credited in the December 2024 Tax Period
- Input Tax Invoice dated January 1, 2025 can be credited in the January 2025 Tax Period (via the Coretax system)
Therefore, do not forget to credit the Input Tax for October, November, December 2024 no later than the December 2024 Tax Period.
This article is based on:
PERATURAN MENTERI KEUANGAN REPUBLIK INDONESIA NOMOR 18 TAHUN 2021, DATED 17 FEBRUARY 2021 which has been changed to become PERATURAN MENTERI KEUANGAN REPUBLIK INDONESIA NOMOR 81 TAHUN 2024, DATED 14 OCTOBER 2024
–––––
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