Today, cashless transactions are commonplace. Transactions without cash (cashless) certainly cannot be separated from Electronic Money (Electronic Money) or Electronic Wallets (Electronic Wallet).
Electronic Money or commonly called e-Money is a payment instrument issued on the basis of the source of funds in the form of rupiah currency which is deposited in advance to the payment service provider who carries out administrative activities the source of funds and the source of the funds in the form of rupiah currency values are stored electronically in a media server or chip.
Meanwhile, Electronic Wallet (Electronic Wallet or commonly called e-Wallet) is the provision of electronic services to store data on payment instruments which can be in the form of payment instruments using cards and/or electronic money. which can accommodate funds to make payments.
Starting May 1, 2022, every Electronic Wallet (e-Wallet) user who tops up his e-Money balance will be subject to VAT at the new rate of 11%. This imposition is regulated in the Regulation of the Minister of Finance Number 69/PMK.03/2022 concerning Income Tax (PPh) and VAT on the Implementation of Financial Technology. However, you E-Wallet users do not need to worry because the imposition of VAT is not on the nominal amount of refills but on the service fee. For more details, see the illustration below.
Mamat is one of the users of the XYZ Digital Wallet application. The total balance that Mamat has in the application is only Rp. 10,000. Knowing the remaining balance, Mamat immediately refilled his digital wallet for Rp. 500,000.00 For top-up service, the XYZ Application charges an admin fee of Rp. 2,000.00. It is the admin fee that will be subject to 11% VAT so that the amount that Mamat has to spend for refills is IDR 502.220.00 with the following details.
Top Up nominal : IDR 500.000,00
Admin Fee : IDR 2,000.00
VAT (11% x Rp2,000) : Rp220.00
From the illustration above, there are three types of activities. The first activity is exchanging real money into electronic money, the second activity is providing top up services, and the third activity is VAT collection by XYZ Digital Wallet.
The first activity is not included in the VAT object because the activity includes the delivery of non-taxable goods (Non-BKP). Taxable Goods (BKP) are tangible goods which according to their nature or law can be in the form of movable or immovable goods, and intangible goods, which are taxed under the VAT Law.
In the VAT Law, the classification of BKP is a negative list, in the sense that in principle all goods are BKP, unless specified as goods that are not subject to VAT. Electronic Money (e-Money) stored in a Digital Wallet (e-Wallet) is one of the Non-BKP.
Meanwhile, the second activity is one of the objects of VAT, namely the delivery of Taxable Services (JKP). Taxable Service (JKP) is any service activity based on an engagement letter or legal action that causes an item, facility, facility, or right to be available for use, including services performed to produce ordered goods or requests with materials and/or instructions from the customer. taxable under the VAT Law.
As with BKP coverage, the regulation of JKP coverage in the VAT Law is also a negative list, in the sense that in principle all services are JKP, unless specified as services that are not subject to VAT.
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Top up service is one type of service activity through money and electronic wallets. This activity is a JKP based on the Regulation of the Minister of Finance Number 69/PMK.03/2022 concerning Income Tax (PPh) and VAT on the Implementation of Financial Technology.
Furthermore, the third activity is the obligation of Digital Wallet XYZ as a Taxable Entrepreneur (PKP) providing money services and electronic wallets appointed as VAT collectors for the submission of JKP. The VAT levy on the top-up service will later be deposited back into the state treasury and will certainly increase state revenue from the tax sector.
Not a few media release news regarding the imposition of VAT on e-Money top up services, one of which is CNN Indonesia. On Wednesday, April 6, 2022, CNN Indonesia released a news story with the title “e-Money Top Up Fee Will Be Subject to 11 Percent VAT”.
This news has become a topic of discussion on one of the social media platforms, namely Twitter. Many netizens have complained about the imposition of VAT. There was even one Twitter user who made a tweet containing innuendo about the contents of the news. The following is his tweet, “Those who get money from bank/fintech administration fees, which are taxed by citizens.”
Various comments on the tweet came from several netizens. In fact, many of them agreed with the tweet. However, this tweet is not quite right. Administration fees paid by users for top up services are income for Financial Technology (Fintech) companies. This income will be subject to income tax. Meanwhile, the VAT collected from the delivery of top up services does not go into the pockets of fintech companies, but goes into the state treasury.
In addition, the public must also understand the basic concept of VAT. VAT is a tax on the consumption of goods and/or services. In this case, the users of the e-Money top up service are consumers. This is the reason for the imposition of VAT on e-Money top up fees to residents who are users of e-Money top up services.
Sumber https://www.pajak.go.id/id/artikel/biaya-admin-top-e-money-kena-ppn-11