Reporting Mutual Fund in Personal Annual Income Tax Report Has Been Made Easier with Moduit!
Have you reported your personal annual income tax? Don’t miss the reporting period since it needs to be done at the latest on 31 March of the respective year. For you who have started investing, congratulations! You are one step closer to financial freedom. For you who have not started, don’t be sad because it is never too late to start investing.
Now the question is, do you know how to report Mutual Fund in your personal annual income tax report if you have started investing in Mutual Fund? Before we continue our discussion, we would like to remind you that Mutual Fund is not subjected to tax. It means the return that you earn from your Mutual Fund transaction is net and not tax-deductible anymore. Cool, isn’t it?
To help ease your process of personal annual tax reporting, we have prepared report on your Mutual Fund investment in Moduit. This report could be downloaded through banner that is available on top of the screen when you enter Moduit’s website or mobile application.
This report consists of 2 parts:
This part summarizes actual return that is obtained from your Mutual Fund transaction within the respective tax period. This data will need to be included in the Income Section that is excluded from Tax Object.
From the above example, Mona needs to include Rp 374.870,- in the Income not tax-deductible section.
This section summarizes Mutual Fund value within the respective tax year. The value used must be the buying value which is used when the Mutual Fund is first obtained. This data needs to be included in the Asset section using code 036 to report asset in the form of Mutual Fund.
From the above example, Mona needs to include Rp 313.912.852,- in the Asset section with code 036.
Still unsure of how to report Mutual Fund in Personal Annual Income Tax Report? Don’t worry! Moduit will help you here.