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Read MoreDefinition of Gross Circulation – Gross turnover is all income received from business activities before the deduction of expenses incurred by the company. The definition of taxation law and gross turnover of corporate taxpayers according to tax law can be divided into two parts:
PP 23/2018 targets certain corporate taxpayers whose annual turnover does not exceed IDR4.8 billion. The tax rate of PP 23/2018 is a final income tax rate of 0.5% for SMEs (small and medium enterprises). However, the Directorate General of Taxes (DGT) provides relief to corporate taxpayers with gross income above IDR4.8 billion who can utilize the income tax rate facility in PP 23/2018 with a limited validity period. The following is an explanation of the definition of gross sales based on the provisions of laws and regulations.
According to Law No. 23 Year 2008, Gross Turnover is all gross income received or obtained from business activities, including the acquisition, collection, and maintenance of income both inside and outside Indonesia before deducting acquisition costs. The income includes:
Based on Government Regulation No. 23/2018, total turnover is the income from a business, excluding:
Here are the details:
Source by Accounting & Tax Team
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