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Receiving a Bonus of Rp 6 M, Veddriq-Rizki Are Eager to Improve Their Training Facilities
Rizki Juniansyah and Veddriq Leonardo will receive a bonus of Rp 6 billion. They want to use the money to improve their training facilities.
2024-08-14 09:00:08
Tax Implications of Rp 6 Billion Bonus for Rizki & Veddriq Explained
Minister of Youth and Sports Dito Ariotedjo announced the Paris 2024 Olympic bonuses, with gold medalists Rizki Juniansyah and Veddriq Leonardo set to receive Rp 6 billion each, subject to tax under Income Tax Law. However, the government will cover the tax expenses.
The Directorate General of Taxes clarified the tax regulations concerning the bonuses. Additionally, Rizki and Veddriq plan to use the bonus to improve training facilities.
While the athletes' bonuses are taxable, they will not be taxed due to the nature of the awards. Indonesia's largest Olympic bonus went to Rizki and Veddriq, while other ASEAN countries like the Philippines and Thailand also offered significant bonuses for their medalists.
The press radar on this topic:
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The Largest Olympic Gold Medal Bonus in ASEAN... Not Indonesia
Finance
Indonesia, the Philippines, and Thailand won gold medals at the 2024 Paris Olympics. Indonesia provided a bonus of Rp 6 billion, the Philippines Rp 2.7 billion, and Thailand Rp 5.3 billion. However, the largest bonus in ASEAN is Singapore, which promised 1 million SGD (Rp 11 billion) even though it failed to win a gold medal. Singapore only won a bronze medal through Maximilian Maeder, who received a bonus of 250,000 SGD (Rp 2.9 billion). Malaysia also promised a bonus of 1 million MYR (Rp 3.5..
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Rp 6 Billion Bonus for Rizki & Veddriq Subject to Tax? This is the Answer from the Directorate General of Taxes
Politics
The Minister of Youth and Sports, Dito Ariotedjo, announced the Paris 2024 Olympic bonus, with gold medalists Rizki Juniansyah and Veddriq Leonardo receiving Rp 6 billion, and Gregoria Mariska Tunjung receiving Rp 1.65 billion for a bronze medal. The athlete's bonuses will be subject to tax based on Article 17 of the Income Tax Law in the Tax Regulation Harmonization Act, but the government will cover it, as was the case with the 2023 Sea Games bonus. The Directorate General of Taxes (DGT) has..
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Not Only a Bonus of Rp 6 Billion, Rizki and Veddriq's Gold Medals are Also Tax-Free
Economy
Politics
Weightlifting and climbing athletes receive a bonus of Rp 6 billion without tax deductions for their gold medals at the 2024 Paris Olympics. Their gold medals are also exempt from import duties and import taxes.
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