Concessional Tax Rates

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

 
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