KJS for PPJB Final Income Tax Amended, Ends Overbooking for Developers

JAKARTA, DDTCNews – Through PER-8/PJ/2026, the Directorate General of Taxes (DGT) has revised the remittance type code (kode jenis setoran/KJS in Indonesian) for the remittance of final income tax on income from a sale and purchase agreement (perjanjian pengikatan jual beli/PPJB in Indonesian) for the first transfer of land and/or a building.

Referring to PER-8/PJ/2026, the remittance type code used by developers to remit final income tax on income from a PPJB to the first buyer is 402. Previously, developers were required to remit using remittance type code 432 and subsequently perform an overbooking to remittance type code 402 for the payment to be validated for the purpose of transferring the certificate of title.

"The remittance type code 402 may now officially be used for payment of final income tax on the transfer of the right to land and/or building (pengalihan hak atas tanah dan bangunan/PHTB in Indonesian) or on the first PPJB. With this policy change, developers benefit from a more straightforward process as they no longer need to carry out an overbooking (pemindahbukuan/PBK in Indonesian) to remittance type code 402 solely for the purpose of validating the final income tax payment slip," explained a DGT tax instructor via the Coretax FAQ Telegram channel, as cited on Tuesday (11/8/2026).

Meanwhile, the remittance type code 432 is now reserved for payments relating to amendments or addenda to a PPJB. For example, where an over-credit transaction or transfer of rights occurs, causing the first buyer to transfer or sell their property rights to a second buyer prior to the execution of a sale and purchase deed (akta jual beli/AJB in Indonesian).

In respect of such a transaction, namely, an amendment or addendum to a PPJB, final income tax at a rate of 2.5% is remitted using a combination of tax account code (kode akun pajak/KAP in Indonesian) 411128 and remittance type code 432, and is remitted in the name of the first buyer. Accordingly, such a transaction does not utilise remittance type code 402.

"For payment of Final Article 4 paragraph (2) Income Tax on Income from an Amendment or Addendum to a Land and/or Building Sale and Purchase Agreement," reads the details of remittance type code 432 as set out in the appendix of PER-8/PJ/2026.

For information, a land and/or building PPJB constitutes a sale and purchase agreement between a party that sells or intends to sell land and/or buildings and a party that purchases or intends to purchase land and/or buildings.

Such an agreement may take the form of a sale and purchase agreement letter, a unit booking form, a down payment receipt or any other form of agreement between the seller and the buyer. Pursuant to Article 191 paragraph (1) of MoF Reg. 81/2024, income derived from a PPJB is subject to final income tax.

Final income tax on income from a PPJB is generally imposed at a rate of 2.5%. Further details concerning the provisions on final income tax on a PPJB may be found in Gov. Reg. 34/2016 and MoF Reg. 81/2024. (rig)