What is PPS Assets in Annual SPT on Coretax? Here's the Full Explanation
Filing the Annual SPT on Coretax requires multiple stages, including filling in and checking reporting data. Among various data points, one that frequently causes confusion is PPS assets. What does it mean?
The SPT attachment section, or Annual Tax Notice, contains an assets section. According to a document titled “Procedures for Filing Annual Income Tax SPT for Individual Taxpayers with Nil Status Using Coretax Form”, released by the Directorate of Tax and Public Relations in 2026, PPS assets are listed in the “Cash and Cash Equivalents” section, specifically in the explanation portion.
However, what exactly are PPS assets in the Annual SPT on Coretax? Understanding the definition and related matters is necessary so that taxpayers can complete their Annual SPT correctly. On this occasion, we have compiled an explanation of PPS assets. For more details, see the following description.
Definition of PPS Assets
PPS assets are related to a programme run by the Directorate General of Taxes (DJP) in 2022. PPS itself is an abbreviation for Voluntary Disclosure Programme.
According to information from the official DJP website, PPS is a programme that gives taxpayers the opportunity to report or voluntarily disclose unfulfilled tax obligations through the payment of income tax based on asset disclosure. In essence, PPS is a programme for taxpayers to report assets that have not fulfilled their tax obligations in previous years.
Assets reported under PPS are those obtained before 2022 and have not fulfilled their tax obligations. Based on its provisions, assets reported under PPS were obtained between 1985 and 2020. Those eligible to participate in this programme are Tax Amnesty participants or individuals.
Simply put, this programme provides relief for those who previously had not reported their assets obtained before 2022. By participating in this programme, one is not subject to penalties under Article 18 paragraph 3 of the Tax Amnesty Law, which is 200% of unpaid income tax.
More specifically, here are the benefits of PPS:
No sanctions under Article 18 paragraph 3 of the Tax Amnesty Law, which is 200% of unpaid income tax.
No assessment issued for tax obligations 2016 to 2020, except if underreported assets are found.
Data or information sourced from SPPH and its attachments administered by the Ministry of Finance or other related parties in implementing the Tax Amnesty Law cannot be used as the basis for investigation, prosecution, or criminal charges against taxpayers.
Therefore, simply put, PPS assets are all assets reported under the PPS programme or those that previously had not fulfilled their tax obligations before 2022. Once reported, these assets have fulfilled their obligations.
Why Are PPS Assets Listed in Annual SPT Coretax?
If the PPS programme itself was completed in 2022, then reporting of its assets should also be finished. So why do PPS assets appear in the Annual SPT Coretax?
According to a press release regarding tax classes from the Tax Education Team of the Large Taxpayer Regional Office of the Directorate General of Taxes, PPS is used as a solution to increase voluntary tax reporting compliance. Furthermore, some Tax Amnesty participants still have assets that have not been reported.
Based on the above explanation, the reason PPS assets appear in the Annual SPT Coretax is as a reminder to taxpayers. A reminder for them to diligently fulfil their responsibility to report assets and meet their tax obligations.
When is the Final Deadline for 2026 Annual SPT Filing?
Individual taxpayers are required to file their 2026 Annual SPT by a maximum of 31 March next. Meanwhile, corporate SPT can still be filed until 31 April 2026.
“Come on, tax friends, file your Annual SPT. Do not miss it! Note: The deadline for filing individual Annual SPT is 31 March, and the deadline for filing corporate Annual SPT is 30 April,” according to the statement on Instagram @pajakkra.
If late, individual taxpayers are subject to a fine of Rp 100,000. Corporate taxpayers, on the other hand, are subject to a fine of Rp 1 million. This penalty provision is contained in Law Number 28 of 2007.
That is the explanation regarding PPS assets in the Annual SPT Coretax. Hopefully this answers your questions.