The general tax rate for corporate income tax (normal corporate income tax rate) applicable in 2022 is 22% of taxable income in one year. For companies with gross turnover of less than Rp. 50 billion, a tax rate reduction facility of 50% is provided on the taxable income of the share of gross circulation of up to Rp. 4.8 billion. Indonesia Tax Info | July 2022 05 Essentially, SE-20 provides the following clarifications: • SE-20 clarifies that a sole proprietorship is treated as a corporate taxpayer. Therefore, it is not eligible for the income tax exemption applicable to individual taxpayer who earns annual gross revenue of up to IDR 500 million. Tax Treaties. Indonesia has concluded more than 68 tax treaties. Corporate Income Tax Rate. 25% standard. Individual Tax Rate. 5% on the first IDR 50 million 15% exceeding IDR 50 million up to IDR 250 million 25% on IDR 250 million to 500 million 30% on amounts exceeding IDK 500 million Depending on the individual's income bracket, tax rates range from 5 percent to 30 percent, Following are the individual Tax rates in Indonesia, Most individuals income earned is subject to income tax at the following standard tax rates: Indonesia Individual Tax Rates. Taxable Income in Indonesia The Income tax rates and personal allowances in Indonesia are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Indonesia Tax Calculator 2021 . Personal Income Tax Rates. Monthly income. Tax rate (%) Up to 5,000,000 VND (S$209) 5. Indonesia Economy & Trade. Where to Invest. Sector Insights . Business Setup. Ivory Coast: 60%. Ivory Coast has one of the highest income tax rates in the world, with the top bracket taxed at 60%. The country uses tax revenue to fund various public services and programs. Indonesia’s new tax law targets its growing middle class. Indonesia has the lowest percentage of individual income tax revenue to GDP compared to neighbouring countries — 1.3 per cent, compared to 1.9 per cent in Thailand, 2.1 per cent in Philippines and 2.7 per cent in Malaysia. Due to the economic impact of the COVID-19 pandemic and the VYzHh.