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    PT Budaya - Tax Management

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    RANIA ABDUL AZIZ BARABA
    This document summarizes the financial information and tax calculations for PT Budaya. It shows the company had revenue of 82 billion, costs of 46 billion, and a gross profit of 36 billion. After other costs, the net income was 19.84 billion. Applying a 25% tax rate to the taxable income of 19.04 billion results in an income tax of 4.76 billion. Various tax credits lower the amount to 1.536 billion, which will be paid by the company.

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    PT Budaya - Tax Management

    Uploaded by

    RANIA ABDUL AZIZ BARABA
    11 views2 pages
    This document summarizes the financial information and tax calculations for PT Budaya. It shows the company had revenue of 82 billion, costs of 46 billion, and a gross profit of 36 billion. After other costs, the net income was 19.84 billion. Applying a 25% tax rate to the taxable income of 19.04 billion results in an income tax of 4.76 billion. Various tax credits lower the amount to 1.536 billion, which will be paid by the company.

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    PT BUDAYA

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    This document summarizes the financial information and tax calculations for PT Budaya. It shows the company had revenue of 82 billion, costs of 46 billion, and a gross profit of 36 billion. After other costs, the net income was 19.84 billion. Applying a 25% tax rate to the taxable income of 19.04 billion results in an income tax of 4.76 billion. Various tax credits lower the amount to 1.536 billion, which will be paid by the company.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    11 views2 pages

    PT Budaya - Tax Management

    Uploaded by

    RANIA ABDUL AZIZ BARABA
    This document summarizes the financial information and tax calculations for PT Budaya. It shows the company had revenue of 82 billion, costs of 46 billion, and a gross profit of 36 billion. After other costs, the net income was 19.84 billion. Applying a 25% tax rate to the taxable income of 19.04 billion results in an income tax of 4.76 billion. Various tax credits lower the amount to 1.536 billion, which will be paid by the company.

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    PT BUDAYA – TAX MANAGEMENT

    Revenue from selling goods 82.000.000.000


    Cost of goods sold (46.000.000.000)
    Gross Profit 36.000.000.000
    Deducted by OCM
    Salaries expense 12.000.000.000
    Natura (120.000.000)
    Depreciation expense 1.000.000.000
    Promotion & Marketing expense 2.600.000.000
    Office Administration expense 1.400.000.000
    Total OCM (16.880.000.000)
    Net Operating Income 19.120.000.000
    Loss difference on exchange rates (Kurs) (40.000.000)
    Net Income before Non-operation 19.080.000.000
    Other Income:
    Income from Dividend 110.000.000
    Income from Royalty 50.000.000
    Gain on selling machine 600.000.000
    Net Income 19.840.000.000
    Uncompensated prior year loss (800.000.000)
    Taxable Income 19.040.000.000

    IIT = Tariff x Taxable Income


    = 25% x 19.040.000.000
    = 4.760.000.000
    Income Tax that can be Credited:
    IT art 22 Import = 120.000.000
    IT art 22 Treasurer = 1.380.000.000
    IT art 23 Dividend = 16.500.000
    IT art 23 Royalty = 7.500.000
    IT art 24 Foreign = 200.000.000
    IT art 25 Paid by self = 1.500.000.000
    = 3.224.000.000

    IT art 29 Underpayment = 4.760.000.000 – 3.224.000.000


    = 1.536.000.000

    IT art 25 Paid by self = Previous IIT – IT art 21, 22, 23, 24


    = 4.760.000.000 – 1.724.000.000
    = 3.036.000.000/12 = 253.000.000

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