Basic Law Article 21 Income tax
1). Law Number 6 Year 1983 regarding General Provisions and Taxation Procedure (State Gazette of the Republic of Indonesia Year 1983 Number 49, Supplement Number 3262) as amended by Act No. 16 of 2000 (Republic of Indonesia Year 2000 No. 126, Supplement to State Gazette Number 3984);2). Law Number 7 Year 1983 on Income Tax (State Gazette of the Republic of Indonesia Year 1983 Number 50, Supplement Number 3263) as amended by Act No. 17 of 2000 (State Gazette of the Republic of Indonesia Year 2000 Number 127, Supplement Number 3985);3). Regulation of the Minister of Finance No. 137/PMK.03/2005 of Adjustment personal exemption amount, adjustment amount has been set personal exemption is effective from January 1, 2006;4. Regulation of the Minister of Finance No. 138/PMK.03/2005 of Determination Relative to Employment Income Part of the Daily and Weekly Employees and Employees Not Stay More is Not Subject to Withholding Tax, has been established for an employee earning the daily and weekly as well as other non-permanent employees are not subject to income tax cuts, which took effect on January 1, 2006;5). Decision of the Director General of Taxation Number KEP-545/PJ/2000 about Cutting Guidelines, Deposit and Reporting of Income Tax Article 21 and Article 26 In connection with the Works, Services and Personal Activities;6). For more details on its website can be found under the Directorate General of TaxationWAGES
Wages
are the reward given to the direct labor, the work / services rendered
are calculated based on the unit or bulk or specific time.Sorts and Wage SystemBased on how the counting, the wage could be classified into:1). Unit wageWages are paid based on the number of units delivered, regardless of the length of time. More and more units are delivered, the more wages to be paid. Even
if the production or processing of a particular project using the
target processing time, but the target date does not affect the amount
of wages paid.2). Piece rateWages
are paid on a project or work or services, regardless of the number of
units produced and the time spent to complete the project.3). Daily wageWages
paid for a work or service delivered, which is calculated based on the
length of time that has been used to complete a job. without considering the number of units produced and the volume of a job. Even
if the company set a target amount or a certain volume, then the amount
or volume does not affect the amount of wages is to be taken into
account during the same time it is used.Wages grouping based on the time of payment,deliberately not discussed here given do not necessarily relevant to theAccounting, in addition to the timing of the payment itself.Accounting Treatment For Wagesa). Assessment (calculation) of WagesHow to determine the size of the value of wages, or how to calculate wages, depending on the type of wages to be calculated:Unit
wage: Calculated by multiplying the quantity of goods delivered by the
unit cost of the item, then reduced by the discount or refund defective
goods that can not be repaired (if any). The amount of discount on goods tiidak defects can be fixed depending on company policy. If
the company adopted a policy to not deliver the goods to the disabled
worker to a particular weld, then the company just put on pieces of wage
unit multiplied by the number of defective goods. If
the company delivers fully defective goods to the workers, the company
will charge a piece of the raw materials used plus overhead.If
the work consists of different occupations vary with the cost of
different units, then the calculation is the same way, the unit price
multiplied by the quantity of goods delivered, only then summed with the
other types of work.Wages Volume: Calculated by multiplying the number of projects at a price per project agreement.Daily wage: Calculated based on the number of hours worked multiplied by the daily wage.b). Recognition or recording of WagesWages are recorded or recognized at the net value is paid (net of wage cuts). When his confession:If
the Company adopts accrual bases, wages are recognized or recorded when
the goods are delivered or the date of the memorandum receipt of goods.
Meanwhile, if companies implement cash bases, wages are recognized or recorded when paid wages (wage payment slip sesaui date).c). Wage ReportingWages
of part of a large group of Cost of Production is a major element of
the Cost of Goods Sold (COGS) which is recorded as Cost of Direct Labor
(Direct Labor Cost), which will affect the company's Gross Profit (Gross
Profit) directly, and affects Net Profit (Net Profit) in the Company's Profit and Loss statement (Income Statement).Wage procedurea). Calculation of WagesWages are calculated by the production staff as the sub base perhtungan above subject. To then be submitted to the accounting, or uploaded to the server host (if using an online Accounting Information Systems). To then be downloaded by the accounting staff, summarized into reports per individual worker.b). Approval of WageBefore
the wages paid, details or a list of the wage and the calculation is
requested that approval to the Director and forwarded to the General
Manager or Financial Controller to be studied and examined as needed. In
terms of details and the calculation of wages is approved, the
Financial Controller or General Manager will make recommendations to the
Director for distujui. If not, then the reward will be suspended until an explanation or do revisions.c). Payment of WagesWages are only paid if it had received the necessary approvals and recommendations. The Company will withdraw the money and then paid cash for, or issued check or transfer, by issuing a wage payment slip.d). Examination of WagesAfter
the wage implemented, the Financial Controller will perform a detailed
comparison between the wages that have been approved by the proof of
cash withdrawals, money dikasir physical rest, and wages slip. If the Financial Controller found no errors or irregularities will be creating the reasonableness of the remuneration statement.e). Archiving (Closure) WagesDetails
of the calculation along with the attachment of wages, wage Evidence
for cash withdrawal, payment of wage slips and fair statement of the
Financial Controller archived into a file Wages.
SALARY
Salary is the reward given by the party who employs the worker, in a relatively fixed, or in the form of contract.The amount of salary is usually determined when the agreement is done, and will not change until a new agreement. Value is relatively fixed.In this article will not be discussed in depth about the salary from the perspective of kepersonaliaan and general management. The discussion will be concentrated on those aspects of accounting.In accounting, salaries are included into class fees, the cost of salaries. Not a cost.Salaries elementsAlthough so many variations of the elements that exist on the cost of salaries, but the broad outlines there are four basic elements and two additional elements, which consist of:1). SalaryBasic salary is the main element, which is used as the basis of reasons why salaries are classified into groups of operating costs. Where the value is relatively constant (at least for one year). The value of these elements would vary according to the ability of the company, position, years of service. The higher the ability of companies, typically also will determine the relative value of base salary is higher, the higher the position the higher the basic salary, the longer the time it works it will further raise the possibility that eventually accumulate a vast increase in the value of their basic salaries.2). OvertimePolicy on overtime is not the same between one company with another company. However, in general, overtime is usually given only to employees in the levels (level) given alone, the staff (not managers).3). Fringe benefitsThere are various types of allowances, which in practice depends on the ability of the company.a). Benefit PositionThese types of benefits inherent in a particular position. The higher the position, even this higher allowance (up to a certain extent).b). Medical CoverageAllowances are classified as medical benefits provided by most firms after allowance. In practice the medical benefits are provided in different forms. For example: Replacement cost of healthcare, the release of drug purchase costs, and so forth.c). Benefits InsuranceThe most common insurance benefits used in Indonesia are insurance products provided by PT. Social Security (Limited)d). And other allowances (which vary and are not commonly used)4). PiecesSalary Cuts for the most basic is the piece of the Income Tax (VAT), insurance premiums paid by employees.5). Bonus & IncentivesBonuses and incentives are additional elements, usually provided by certain types of companies and to certain employees only, ie distributors, banks, corporate finance and operations similar to the target-oriented. This element value is not fixed.
Accounting Treatment for Salary1). Assessment (Calculation of Salary)Salary is calculated by formulating the elements that exist on the payroll. Of all the existing elements, only elements of the piece is a factor reducing the value of salary. While other elements are enhancer faktar the value of salary.
2). Recognition Top SalariesSalaries paid to the transfer system is recognized as transfer apada implemented, salaries paid by check are recognized when using the check is disbursed by the receiving salaries, while the salaries paid in cash (cash) wages are recognized when delivered. The amount of the salary cost is recognized for the value of the above formulations.3). Record keeping (Payroll Journal)Salaries are recorded at the time of his confession, that is: according to the date stamped on the transfer slip, the slip salary, date of check (depending on the form of salary given).As for the salary of the journal are as follows:At the time of payroll:Debit: Cost of SalariesCredit: Cash and Debt IncomeExample:Salary Costs (Debit): Rp 100 million, -Cash (Credit): IDR 90,000,000, -Payable Tax Article 21 (Credit): IDR 10,000,000, -At the time of deposit of Income Tax:Payable Tax Article 21 (Debit): USD 10,000,000Cash (Credit): USD 10,000,0004) Reporting SalariesIn the Income Statement, Salaries included in the large group of operating costs and fees stated in the account salary, which will affect large-small profits or losses of the company. Profit and loss statement will contribute to the retained earnings account (retained earnings) on the Balance Sheet.
Payroll Proceduresa). Calculation of SalarySalary calculation is preceded by the collection of data that will be used as a basis for calculation. Sources of data derived from the calculation of salaries of personnel who should have been submitted so close the payroll books do (usually 1 week prior to the date of the payroll). The data required are:To determine the amount of Basic Salary, Benefits and Allowances: Employees list (complete with title and tenure), attendance lists, lists of leave, paid holiday list.To determine the bonus or incentive: Register a basis for calculation (List sales of each salesman).The formula used is as mentioned in sub subject above.After the calculation is done, should re-examination and research before the Personnel Manager be approved.b). Approval of SalaryPayroll submitted by the Personnel Manager to the Director, with copies to the General Manager and or Financial Controller. Financial Controller and General Manager will conduct research both in mengkhusu and detailed or general, which is highly dependent of the proposed Payroll (if payroll is considered reasonable or not). After investigation, if it can be approved by the Financial Controller or General Manager will make recommendations to the director for approval, while if it's not fair, the Financial Controller or the General Manager is entitled to hold it up to explain and or carried out the necessary improvements.c). Cash demand for PayrollIn the case of Payroll approved and ratified, then the salary list will be submitted to The Accounting as the basis for payroll cash demand. Accounting Section will prepare a cash on demand. Cash demand accompanied by a list of the approved salary should have been received no later than 2 days before the date of the payroll.For the salary to be paid in cash, a check will be made in cash only for everything. For the salaries paid in the form of check, check will be made salty each for one employee. As for the salaries paid by wire transfer, it will put up a list of transfer orders to the bank.d). Distribution of salariesDistributed or transferred appropriate salary on the date of study, distributed by the company cashier, witnessed by staff personnel. Supervised by the Chief Accounting and Personnel Manager. This is important, so that if necessary can provide an appropriate explanation to employees who need an explanation.e). Recording PayrollAfter the payment of salaries has been completed, then the Book Keeper will make record by posting journal entries as appropriate (see the sub main discussion).f). Payroll checksThe next process is the review process. Examination will be conducted by the Financial Controller. The tests carried out, by comparing the payroll who have desetujui with cash expenditures, Salary Slip, the rest of the money that is still physically there at the counter, cutting Proof of Income Tax Article 21, to then be compared with the General Ledger Detail of the print-out by the Book Keeper. If not found error or morbidity, the Financial Controller will make a reasonable statement on the payroll, as well as providing permission to shut down.g). Closure and Payroll RecordsEnd of the payroll process is closure, which conducted an examination of the closure have been completed by the Financial Controller. Furthermore all the evidence related to the payroll (Payroll, Salary Slip, Evidence Tranfer, Clevis Check and Print Out General Ledger Detail authorized by the Financial Controller) filed into each binder that has been determined.
SALARIES, WAGES AND ARTICLE 21 PPH
SALARY
Salary is the reward given by the party who employs the worker, in a relatively fixed, or in the form of contract.The amount of salary is usually determined when the agreement is done, and will not change until a new agreement. Value is relatively fixed.In this article will not be discussed in depth about the salary from the perspective of kepersonaliaan and general management. The discussion will be concentrated on those aspects of accounting.In accounting, salaries are included into class fees, the cost of salaries. Not a cost.Salaries elementsAlthough so many variations of the elements that exist on the cost of salaries, but the broad outlines there are four basic elements and two additional elements, which consist of:1). SalaryBasic salary is the main element, which is used as the basis of reasons why salaries are classified into groups of operating costs. Where the value is relatively constant (at least for one year). The value of these elements would vary according to the ability of the company, position, years of service. The higher the ability of companies, typically also will determine the relative value of base salary is higher, the higher the position the higher the basic salary, the longer the time it works it will further raise the possibility that eventually accumulate a vast increase in the value of their basic salaries.2). OvertimePolicy on overtime is not the same between one company with another company. However, in general, overtime is usually given only to employees in the levels (level) given alone, the staff (not managers).3). Fringe benefitsThere are various types of allowances, which in practice depends on the ability of the company.a). Benefit PositionThese types of benefits inherent in a particular position. The higher the position, even this higher allowance (up to a certain extent).b). Medical CoverageAllowances are classified as medical benefits provided by most firms after allowance. In practice the medical benefits are provided in different forms. For example: Replacement cost of healthcare, the release of drug purchase costs, and so forth.c). Benefits InsuranceThe most common insurance benefits used in Indonesia are insurance products provided by PT. Social Security (Limited)d). And other allowances (which vary and are not commonly used)4). PiecesSalary Cuts for the most basic is the piece of the Income Tax (VAT), insurance premiums paid by employees.5). Bonus & IncentivesBonuses and incentives are additional elements, usually provided by certain types of companies and to certain employees only, ie distributors, banks, corporate finance and operations similar to the target-oriented. This element value is not fixed.
Accounting Treatment for Salary1). Assessment (Calculation of Salary)Salary is calculated by formulating the elements that exist on the payroll. Of all the existing elements, only elements of the piece is a factor reducing the value of salary. While other elements are enhancer faktar the value of salary.
2). Recognition Top SalariesSalaries paid to the transfer system is recognized as transfer apada implemented, salaries paid by check are recognized when using the check is disbursed by the receiving salaries, while the salaries paid in cash (cash) wages are recognized when delivered. The amount of the salary cost is recognized for the value of the above formulations.3). Record keeping (Payroll Journal)Salaries are recorded at the time of his confession, that is: according to the date stamped on the transfer slip, the slip salary, date of check (depending on the form of salary given).As for the salary of the journal are as follows:At the time of payroll:Debit: Cost of SalariesCredit: Cash and Debt IncomeExample:Salary Costs (Debit): Rp 100 million, -Cash (Credit): IDR 90,000,000, -Payable Tax Article 21 (Credit): IDR 10,000,000, -At the time of deposit of Income Tax:Payable Tax Article 21 (Debit): USD 10,000,000Cash (Credit): USD 10,000,0004) Reporting SalariesIn the Income Statement, Salaries included in the large group of operating costs and fees stated in the account salary, which will affect large-small profits or losses of the company. Profit and loss statement will contribute to the retained earnings account (retained earnings) on the Balance Sheet.
Payroll Proceduresa). Calculation of SalarySalary calculation is preceded by the collection of data that will be used as a basis for calculation. Sources of data derived from the calculation of salaries of personnel who should have been submitted so close the payroll books do (usually 1 week prior to the date of the payroll). The data required are:To determine the amount of Basic Salary, Benefits and Allowances: Employees list (complete with title and tenure), attendance lists, lists of leave, paid holiday list.To determine the bonus or incentive: Register a basis for calculation (List sales of each salesman).The formula used is as mentioned in sub subject above.After the calculation is done, should re-examination and research before the Personnel Manager be approved.b). Approval of SalaryPayroll submitted by the Personnel Manager to the Director, with copies to the General Manager and or Financial Controller. Financial Controller and General Manager will conduct research both in mengkhusu and detailed or general, which is highly dependent of the proposed Payroll (if payroll is considered reasonable or not). After investigation, if it can be approved by the Financial Controller or General Manager will make recommendations to the director for approval, while if it's not fair, the Financial Controller or the General Manager is entitled to hold it up to explain and or carried out the necessary improvements.c). Cash demand for PayrollIn the case of Payroll approved and ratified, then the salary list will be submitted to The Accounting as the basis for payroll cash demand. Accounting Section will prepare a cash on demand. Cash demand accompanied by a list of the approved salary should have been received no later than 2 days before the date of the payroll.For the salary to be paid in cash, a check will be made in cash only for everything. For the salaries paid in the form of check, check will be made salty each for one employee. As for the salaries paid by wire transfer, it will put up a list of transfer orders to the bank.d). Distribution of salariesDistributed or transferred appropriate salary on the date of study, distributed by the company cashier, witnessed by staff personnel. Supervised by the Chief Accounting and Personnel Manager. This is important, so that if necessary can provide an appropriate explanation to employees who need an explanation.e). Recording PayrollAfter the payment of salaries has been completed, then the Book Keeper will make record by posting journal entries as appropriate (see the sub main discussion).f). Payroll checksThe next process is the review process. Examination will be conducted by the Financial Controller. The tests carried out, by comparing the payroll who have desetujui with cash expenditures, Salary Slip, the rest of the money that is still physically there at the counter, cutting Proof of Income Tax Article 21, to then be compared with the General Ledger Detail of the print-out by the Book Keeper. If not found error or morbidity, the Financial Controller will make a reasonable statement on the payroll, as well as providing permission to shut down.g). Closure and Payroll RecordsEnd of the payroll process is closure, which conducted an examination of the closure have been completed by the Financial Controller. Furthermore all the evidence related to the payroll (Payroll, Salary Slip, Evidence Tranfer, Clevis Check and Print Out General Ledger Detail authorized by the Financial Controller) filed into each binder that has been determined.
SALARIES, WAGES AND ARTICLE 21 PPH
Salaries
and Wages are a form of return provided by the hiring party (agency or
individual) to the workers of a given service or employment.Salary
is the designation for the rewards given to staff or regular employees
whose work could not be measured by a specific (amount and time) whose
value has been established since the agreement on the set.While
wages are the reward given to the direct labor that their work can be
measured in specific units (the physical amount of goods produced or the
work to be submitted for services)The amount of salaries and wages are determined by elements that are in the salary and wage itself. Elements
and calculation procedures prescribed by the policy of the employing
party (commercial enterprises, nonprofit organizations or private
property), within the rules and laws applicable invitation.Relation
to accounting, payroll included in the operating expenses while the
wages included in the cost of production to later become part of Cost of
Goods Sold (COGS), journalized in accordance with its group accounts. Paycheck and put into different groups because each has a different character.Salaries,
wages and the accompanying elements is the object of Article 21 Income
tax, where the hiring party mandated to do the cutting.
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