The final tax rates for severance payments (if paid within 2 years) are as follows:
Taxable Income
Rate
Tax Rp.
| On the frst Rp. 50,000,000 | Nil | Nil | ||
| On the second Rp. 50,000,000 | 5% | 2,500,000 |
Rate
Tax Rp.
| On the next Rp. 400,000,000 | 15% | 60,000,000 | |
| On the next amount of over
Rp. 500,000,000 |
25% | 25% of the relevant
amount |
The final tax rates for lump-sum pension payments from a government-approved pension fund, old-age security saving payments from Jamsostek if paid within 2 years are as follows (Payments for year 3 onwards, the usual normal tax rates (please refer to page 15) will be applied:
Taxable Income
| On the frst Rp. 50,000,000 | Nil | Nil | |
| On the next amount of over Rp.
50,000,000 |
5% | 5% of the relevant
amount |
INDONESIAN TAX 