Overview

April is the month where corporations across Indonesia are required to submit the tax return (Surat Pemberitahuan Tahunan Badan - “Annual SPT”) of their income tax (pajak penghasilan – “PPh”). This is important as failure to submit their annual SPT could lead to administrative fines for the corporation.[1]

In line with its importance, the Directorate General of Taxes (Direktorat Jenderal Pajak - “DJP”) as of 17 April 2024 has reported that a total of 444.000 annual SPT have been submitted by corporate taxpayers, reflecting a 5,37% increase compared to the previous years.^[2] This number may yet increase further as the deadline for the Annual SPT is still on 30 April 2024.

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