Paying Zakat Can Reduce Your Taxes, Here’s How to Calculate!

Jakarta, Armfalcon.com – As Muslims, zakat is an expense that must be paid. But did you know that by paying zakat, you can reduce your tax payments?

Broadly speaking, zakat is divided into two, namely Zakat Fitrah which is paid ahead of Eid al-Fitr equivalent to 3.5 liters of rice, and there is also Zakat Mal or zakat assets.

Provisions regarding zakat as a tax deduction are in Law no. 23 of 2011 concerning Zakat Management in article 22 and Article 23 paragraph 1-2.

In Article 22 it is stated that, “Zakat paid by muzaki (people issuing zakat to BAZNAS or LAZ (amil zakat institutions) is deducted from taxable income.”

Meanwhile in Article 23, BAZNAS or LAZ are required to provide proof of zakat payments to each muzaki. It is proof of deposit that can later reduce the muzaki’s taxes.

In fact, the purpose of the tax deduction from the payment of zakat is so that Muslim taxpayers are not subject to a double burden. And this is also aimed at encouraging concern for others as well as fulfilling one of the Pillars of Islam.

So what is the calculation of the tax deduction from zakat like? Here’s the review

Zakat simulation reduces taxes

Mr. Sunardi is a taxpayer who has a yearly income of IDR 150 million (gross/gross), and is married. How much tax must be paid if:

A. Mr. Sunardi does not pay zakat

B. Pak Sunardi pays zakat of IDR 7.5 million.

Before knowing the tax amount, first find out how much Sunardi’s Taxable Income (PKP) is.

With the reduction in PKP, how much tax will Pak Sunardi pay?

It is clear that with the payment of zakat, our tax payments will decrease. This can also be very useful for overcoming tax underpayments when we report our Annual Tax Returns (Annual SPT).

Where to pay zakat?

If the taxpayer pays his zakat outside of BAZNAS or LAZ, then the zakat paid cannot be used as a tax deduction. The reason is that the agency will issue a receipt for you which can later be uploaded when you report your SPT.

[Gambas:Video CNBC]

(aak/aak)


source: www.cnbcindonesia.com

Source link