Jakarta, CNBC Indonesia – As Muslims, zakat is an expense that should be paid. However do you know that by paying zakat, you’ll be able to cut back your tax funds?
Broadly talking, zakat is split into two, particularly Zakat Fitrah which is paid forward of Eid al-Fitr equal to three.5 liters of rice, and there’s additionally Zakat Mal or zakat property.
Provisions relating to zakat as a tax deduction are in Regulation no. 23 of 2011 regarding Zakat Administration in article 22 and Article 23 paragraph 1-2.
In Article 22 it’s said that, “Zakat paid by muzaki (individuals issuing zakat to BAZNAS or LAZ (amyl zakat establishments) is deducted from taxable earnings.”
In the meantime in Article 23, BAZNAS or LAZ are required to offer proof of zakat funds to every muzaki. It’s proof of deposit that may later cut back the muzaki’s taxes.
In truth, the aim of the tax deduction from the fee of zakat is in order that Muslim taxpayers usually are not topic to a double burden. And that is additionally aimed toward encouraging concern for others in addition to fulfilling one of many Pillars of Islam.
So what’s the calculation of the tax deduction from zakat like? This is the assessment
Zakat simulation reduces taxes
Mr. Sunardi is a taxpayer who has a yearly earnings of IDR 150 million (gross/gross), and is married. How a lot tax should be paid if:
A. Mr. Sunardi doesn’t pay zakat
B. Pak Sunardi pays zakat of IDR 7.5 million.
Earlier than realizing the tax quantity, first learn how a lot Sunardi’s Taxable Earnings (PKP) is.
With the discount in PKP, how a lot tax will Pak Sunardi pay?
It’s clear that with the fee of zakat, our tax funds will lower. This may also be very helpful for overcoming tax underpayments once we report our Annual Tax Returns (Annual SPT).
The place to pay zakat?
If the taxpayer pays his zakat exterior of BAZNAS or LAZ, then the zakat paid can’t be used as a tax deduction. The reason being that the company will challenge a receipt for you which may later be uploaded if you report your SPT.
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