Calculating Taxes On Assets Owned By Individuals
May 2023
There are six categories of tax property codes that we need to know, including cash and cash deposit property codes, accounts receivable property codes, investment property codes, transportation equipment asset codes, movable property codes, and immovable property codes.
1. Cash Treasure Code and Cash Deposit
- 011 - Cash
- 012 - Savings
- 013 - Giro
- 014 - Deposits
- 015 - Other Cash Equivalents
2. Accounts Receivable Code
- 021 - Receivables
- 022 - Affiliate Receivables
- 029 - Other Receivables
3. Investment Property Code
- 031 - Shares Purchased for Resale
- 032 - Shares
- 033 - Corporate bonds
- 034 - Government Bonds
- 035 - Other Debt Instruments
- 036 - Mutual funds
- 037 - Derivative instruments
- 038 - Other Equity Participation
- 039 - Other Investments
4. Transportation Equipment Property Code
- 041 - Bicycle
- 042 - Motorcycles
- 043 - Cars
- 049 - Other means of transportation
5. Movable Property Code
- 051 - Precious Metals
- 052 - Precious Stones
- 053 - Art and Antiques
- 054 - Cruise Ships, Planes, Helicopters, and Other Special Sports Equipment
- 055 - Electronic Equipment and Furniture
- 059 - Other movable property
6. Immovable Property Code
- 061 - Residential Land or Building
- 062 - Business Land or Building
- 063 - Land or Land for Business
- 069 - Other Immovable Property
Make sure your annual tax filings are accurate and straightforward. Please keep in mind that by reporting your income and paying taxes, you are helping to make Indonesia a better place. Have you already filed and paid your taxes?
Please send an email to contact-Jakarta@moores-rowland.com or contact-Bali@moores-rowland.com to reach Moores Rowland Indonesia for assistance and guidance on taxes in general.
**By: Stefani W. Anggraeni — Marketing Communications & Social Media Specialist