Beware of Incorrect Tax Return Filing: Here's How to Fill in the Assets Column in Coretax
Jakarta — Indonesia’s tax year 2025 annual tax return (SPT) filing season will conclude next month. The Ministry of Finance’s Directorate General of Tax has announced that the deadline for filing annual tax returns for individuals falls on 31 March 2026, whilst the deadline for corporate annual tax returns is 30 April 2026.
Starting with the 2025 tax year, annual SPT filing is conducted through the Coretax tax system. In Coretax filings, taxpayers must enter several important columns, including the assets column.
For taxpayers still uncertain about completing the assets column, the following guidelines apply:
Cash and cash equivalents, including currency, savings, demand deposits, fixed deposits, electronic money, cheques, bills of exchange, commercial paper, and similar items should be entered at their nominal balance value at the end of the tax year. If denominated in foreign currency, conversion to Indonesian Rupiah must use the actual exchange rate prevailing at the end of the tax year.
Receivables, such as trade receivables, affiliate receivables, and other receivables, should be entered at their outstanding balance at the end of the tax year. Like cash, foreign currency receivables must be converted using the exchange rate applicable at the end of the tax year.
Investment or securities assets, including shares, bonds, mutual funds, derivative instruments, equity investments, insurance products, unit-linked investments, and cryptocurrency, should be entered at published values or fair value. Published values include those from the Indonesian Stock Exchange for shares and warrants, the Indonesian Price Assessor for government bonds and corporate bonds, or fair value according to the taxpayer’s assessment at the end of the tax year in Rupiah.
Movable property, such as vehicles, machinery, precious metals, electronic equipment, and furniture, should be entered using the vehicle sales value, the appraised value from a registered appraiser (KJPP), the Directorate General of Tax valuation, or fair value according to the taxpayer’s assessment at the end of the tax year in Rupiah.
Immovable property, including vacant land, land with buildings, and apartments, should be entered at the taxable object sales value (NJOP), appraised value from a registered appraiser or the Directorate General of Tax, or fair value according to the taxpayer’s assessment at the end of the tax year in Rupiah.
Other assets, such as patents, royalties, trademarks, NFTs, gold, artwork, sports equipment, and exclusive memberships, should be entered using published values such as PT Antam’s gold price, appraised values from registered appraisers or the Directorate General of Tax, or fair value according to the taxpayer’s assessment at the end of the tax year in Rupiah.