Jakarta NRIs: The India-Side 2024-26 Shifts You Need to Know
Indonesia's Indian community is concentrated in Jakarta, Surabaya, and Bali. Your India-Indonesia DTAA gives you 10% interest and 10% dividend caps. India rewrote four other rules in the last two years.
Jakarta NRIs: 10% on interest, 15% on dividends, and a TRC most Indians here never apply for
India-Indonesia DTAA (signed 2012, replacing the 1987 treaty): interest capped at 10%, dividends at 15% for individual NRIs (10% only if you're a corporate holder with ≥25% stake). Capital gains stay source-country taxed.
The DJP (Direktorat Jenderal Pajak) issues a Surat Keterangan Domisili that serves as your TRC on the Indian side. Most Indians in Jakarta, Surabaya, and Bali don't know this exists — they've been paying 30% TDS on interest for years without filing for it.
How India rewrote its own rules while yours stayed the same
**Section 148** reassessment cut to 3/5 years from 10. Effective September 2024.
**Faceless mandate** confirmed. JAO-issued notices are void (Supreme Court, July 2025). Check your notice.
**Budget 2024 LTCG** — 12.5% flat on NRI property, no indexation, from 23 July 2024.
**Black Money Act safe harbour** raised to ₹20L for movable foreign assets, September 2025.
Form 10F is now mandatory e-filing on the Indian portal, including for NRIs without PAN.
The Surat Keterangan Domisili workflow — start it now
Indonesia's TRC equivalent is issued by the Direktorat Jenderal Pajak (DJP) and it takes 2-3 weeks. File for one through the DJP online portal, attach proof of Indonesian tax residency (KITAS or KITAP plus your NPWP), and wait. Once it's in hand, file Form 10F electronically on the Indian income tax portal referencing your Indonesian tax ID.
For Indians in Jakarta who also hold Indonesian-listed stocks through IDX, Schedule FA disclosure in your Indian ITR is mandatory once you're an Indian tax resident again. The ₹20 lakh September 2025 safe harbour covers small movable assets but not listed holdings.
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