{
    "success": true,
    "data": {
        "id": 1598515,
        "msgid": "what-is-pps-assets-in-annual-spt-on-coretax-heres-the-full-explanation-1773039205",
        "date": "2026-03-09 13:12:00",
        "title": "What is PPS Assets in Annual SPT on Coretax? Here's the Full Explanation",
        "author": "",
        "source": "DETIK_JOGJA",
        "tags": "",
        "topic": "Regulation",
        "summary": "PPS assets refer to property reported under Indonesia's Voluntary Disclosure Programme (PPS), which ran in 2022 and allowed taxpayers to declare previously unreported income from 1985-2020 without incurring penalties. These assets continue to appear in annual SPT filings via Coretax as a reminder for taxpayers to fulfil their tax obligations and remain compliant with reporting requirements.",
        "content": "<p>Filing the Annual SPT on Coretax requires multiple stages, including\nfilling in and checking reporting data. Among various data points, one\nthat frequently causes confusion is PPS assets. What does it mean?<\/p>\n<p>The SPT attachment section, or Annual Tax Notice, contains an assets\nsection. According to a document titled \u201cProcedures for Filing Annual\nIncome Tax SPT for Individual Taxpayers with Nil Status Using Coretax\nForm\u201d, released by the Directorate of Tax and Public Relations in 2026,\nPPS assets are listed in the \u201cCash and Cash Equivalents\u201d section,\nspecifically in the explanation portion.<\/p>\n<p>However, what exactly are PPS assets in the Annual SPT on Coretax?\nUnderstanding the definition and related matters is necessary so that\ntaxpayers can complete their Annual SPT correctly. On this occasion, we\nhave compiled an explanation of PPS assets. For more details, see the\nfollowing description.<\/p>\n<p>Definition of PPS Assets<\/p>\n<p>PPS assets are related to a programme run by the Directorate General\nof Taxes (DJP) in 2022. PPS itself is an abbreviation for Voluntary\nDisclosure Programme.<\/p>\n<p>According to information from the official DJP website, PPS is a\nprogramme that gives taxpayers the opportunity to report or voluntarily\ndisclose unfulfilled tax obligations through the payment of income tax\nbased on asset disclosure. In essence, PPS is a programme for taxpayers\nto report assets that have not fulfilled their tax obligations in\nprevious years.<\/p>\n<p>Assets reported under PPS are those obtained before 2022 and have not\nfulfilled their tax obligations. Based on its provisions, assets\nreported under PPS were obtained between 1985 and 2020. Those eligible\nto participate in this programme are Tax Amnesty participants or\nindividuals.<\/p>\n<p>Simply put, this programme provides relief for those who previously\nhad not reported their assets obtained before 2022. By participating in\nthis programme, one is not subject to penalties under Article 18\nparagraph 3 of the Tax Amnesty Law, which is 200% of unpaid income\ntax.<\/p>\n<p>More specifically, here are the benefits of PPS:<\/p>\n<ul>\n<li><p>No sanctions under Article 18 paragraph 3 of the Tax Amnesty Law,\nwhich is 200% of unpaid income tax.<\/p><\/li>\n<li><p>No assessment issued for tax obligations 2016 to 2020, except if\nunderreported assets are found.<\/p><\/li>\n<li><p>Data or information sourced from SPPH and its attachments\nadministered by the Ministry of Finance or other related parties in\nimplementing the Tax Amnesty Law cannot be used as the basis for\ninvestigation, prosecution, or criminal charges against\ntaxpayers.<\/p><\/li>\n<\/ul>\n<p>Therefore, simply put, PPS assets are all assets reported under the\nPPS programme or those that previously had not fulfilled their tax\nobligations before 2022. Once reported, these assets have fulfilled\ntheir obligations.<\/p>\n<p>Why Are PPS Assets Listed in Annual SPT Coretax?<\/p>\n<p>If the PPS programme itself was completed in 2022, then reporting of\nits assets should also be finished. So why do PPS assets appear in the\nAnnual SPT Coretax?<\/p>\n<p>According to a press release regarding tax classes from the Tax\nEducation Team of the Large Taxpayer Regional Office of the Directorate\nGeneral of Taxes, PPS is used as a solution to increase voluntary tax\nreporting compliance. Furthermore, some Tax Amnesty participants still\nhave assets that have not been reported.<\/p>\n<p>Based on the above explanation, the reason PPS assets appear in the\nAnnual SPT Coretax is as a reminder to taxpayers. A reminder for them to\ndiligently fulfil their responsibility to report assets and meet their\ntax obligations.<\/p>\n<p>When is the Final Deadline for 2026 Annual SPT Filing?<\/p>\n<p>Individual taxpayers are required to file their 2026 Annual SPT by a\nmaximum of 31 March next. Meanwhile, corporate SPT can still be filed\nuntil 31 April 2026.<\/p>\n<p>\u201cCome on, tax friends, file your Annual SPT. Do not miss it! Note:\nThe deadline for filing individual Annual SPT is 31 March, and the\ndeadline for filing corporate Annual SPT is 30 April,\u201d according to the\nstatement on Instagram <span class=\"citation\"\ndata-cites=\"pajakkra\">@pajakkra<\/span>.<\/p>\n<p>If late, individual taxpayers are subject to a fine of Rp 100,000.\nCorporate taxpayers, on the other hand, are subject to a fine of Rp 1\nmillion. This penalty provision is contained in Law Number 28 of\n2007.<\/p>\n<p>That is the explanation regarding PPS assets in the Annual SPT\nCoretax. Hopefully this answers your questions.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/what-is-pps-assets-in-annual-spt-on-coretax-heres-the-full-explanation-1773039205",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}