{
    "success": true,
    "data": {
        "id": 1401971,
        "msgid": "nontaxable-income-to-be-raised-by-6667-1447893297",
        "date": "1998-08-06 00:00:00",
        "title": "Nontaxable income to be raised by 66.67%",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Nontaxable income to be raised by 66.67% JAKARTA (JP): A married taxpayer with three children who earns only up to Rp 8.64 million (US$664 at the current rate) a year will be exempt from income tax beginning next year, according to a new tax ruling announced by the finance ministry yesterday. The ministry said in a statement that the maximum nontaxable income would be increased by 66.67 percent from the current level.",
        "content": "<p>Nontaxable income to be raised by 66.67%<\/p>\n<p>JAKARTA (JP): A married taxpayer with three children who earns<br>\nonly up to Rp 8.64 million (US$664 at the current rate) a year<br>\nwill be exempt from income tax beginning next year, according to<br>\na new tax ruling announced by the finance ministry yesterday.<\/p>\n<p>The ministry said in a statement that the maximum nontaxable<br>\nincome would be increased by 66.67 percent from the current<br>\nlevel.<\/p>\n<p>\"This higher tax exemption is intended to help taxpayers meet<br>\nrising living costs as a result of the steep increases in the<br>\nprices of basic staples,\" the ministry said in a statement.<\/p>\n<p>The ministry said the maximum nontaxable income was Rp 2.88<br>\nmillion (US$221 at the current rate) per annum for a single<br>\ntaxpayer, Rp 4.32 million for a married taxpayer and Rp 5.76<br>\nmillion for a married taxpayer whose wife has income from<br>\nbusiness or professional work that is unrelated to the business<br>\nof her husband or other members of the family.<\/p>\n<p>The nontaxable income of a married taxpayer could be increased<br>\nby Rp 1.44 million for each direct family member or relative by<br>\nmarriage, including any adopted child who is a full dependent,<br>\nbut limited to a maximum of three children per family, the<br>\nstatement said.<\/p>\n<p>Hence, the maximum nontaxable income for a married taxpayer<br>\nwith three children will increase from Rp 5.18 million this year<br>\nto Rp 8.64 million next year. The amount could increase to Rp 10<br>\nmillion for a married taxpayer whose wife has her own income.<\/p>\n<p>The ministry said the new ruling was based on a ministerial<br>\ndecree dated July 27.<\/p>\n<p>It said that since the introduction of the January 1984 tax<br>\nlaw, the maximum nontaxable income had been readjusted twice, in<br>\n1990 and 1994.<\/p>\n<p>The nontaxable income was increased in 1994 to Rp 1.73 million<br>\nfor a single taxpayer and to Rp 5.18 million for a married<br>\ntaxpayer with three fully dependent family members. (rei)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/nontaxable-income-to-be-raised-by-6667-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}