Turns Out, This is what you need to know about 12% VAT on QRIS!
Since January 1, 2025, the Value Added Tax (VAT) rate in Indonesia has officially been increased to 12%. However, the debate is whether the QRIS (Quick Response Code Indonesian Standard) payment system will also be subject to 12% VAT. Many are wondering whether transactions via QRIS will now be subject to additional tax, considering that this new regulation came into effect at the beginning of this year.
Why Is QRIS Subject to VAT?
In fact, services related to transactions using QRIS and electronic money (e-wallet) have long been included in the category of goods or services subject to VAT.
With the change in the VAT rate to 12% as of January 1, 2025, many people think that transactions via QRIS will be subject to additional tax. In fact, this is nothing new. This started on May 1, 2022, when the VAT rate was set at 11%. At that time, electronic money and e-wallet transactions had become taxable objects, only the rate has now changed.
Clarification on 12% VAT for QRIS Services
According to the Minister of Finance Regulation (PMK) Number 69 of 2022, which regulates taxes on the implementation of financial technology and digital financial services, what is subject to 12% VAT is the service fee, not the value of the sale and purchase transaction itself.
In this case, what will be taxed is the service fee or administration fee related to the use of QRIS. For example, if there is an admin fee to process a QRIS transaction, then that fee will be subject to VAT. Meanwhile, the value of the sale and purchase transaction between the seller and the buyer through QRIS is not included in the objects subject to VAT.
Illustration of 12% VAT on QRIS Service Fees
To provide a clearer picture, here is an illustration of the 12% VAT calculation that will be applied to the QRIS service fee.
For example, Toni wants to make a payment using QRIS through a digital wallet. However, Toni wishes to top up the balance before making the payment. Therefore, the service fee for topping up the balance is subject to the 12% VAT.
Toni tops up the electronic wallet with IDR 1,000,000. The top-up fee is, for example, IDR 1,500, so the VAT is calculated as follows:
VAT = 12% x (11/12 of the top-up fee)
= 12% x (11/12 x 1,500)
= 12% x 1,375
= 165
So, the total 12% VAT paid by Toni is IDR 165.
We hope this illustration helps you better understand the application of the 12% VAT on QRIS services. If you want to start keeping track of your finances easily, be sure to download the Bukuku Personal app from the App Store or Play Store now!
This article is based on sources from:
UNDANG-UNDANG REPUBLIK INDONESIA NOMOR 7 TAHUN 2021, DATED 29 OCTOBER 2021
PERATURAN MENTERI KEUANGAN REPUBLIK INDONESIA NOMOR 69 /PMK.03/2022, DATED 30 MARET 2022
PERATURAN MENTERI KEUANGAN REPUBLIK INDONESIA NOMOR 131 TAHUN 2024, DATED 31 DESEMBER 2024
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