{"id":5404,"date":"2026-10-22T22:00:00","date_gmt":"2026-10-22T22:00:00","guid":{"rendered":"https:\/\/legalsatu.id\/blog\/?p=5404"},"modified":"2026-10-22T22:00:00","modified_gmt":"2026-10-22T22:00:00","slug":"der-rasio-utang-modal-pajak","status":"publish","type":"post","link":"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/","title":{"rendered":"DER untuk Pajak: Batas Rasio Utang dan Modal 4:1 dan Bunga Pinjaman Pemegang Saham"},"content":{"rendered":"<p><strong>Untuk keperluan pajak, besarnya perbandingan utang terhadap modal (DER) dibatasi paling tinggi 4:1 berdasarkan PMK 169\/PMK.010\/2015.<\/strong> Jika utang melebihi batas itu, bunga atas kelebihan utang tidak dapat dibebankan sebagai biaya pengurang penghasilan. Aturan ini relevan bagi PT yang banyak dibiayai pinjaman, termasuk pinjaman dari pemegang saham.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/legalsatu.id\/blog\/wp-content\/uploads\/2026\/10\/pajak-akuntansi-04.jpg\" alt=\"Layar menampilkan grafik data, ilustrasi DER pajak\" class=\"aligncenter size-large wp-image-5378\" width=\"735\" height=\"490\" srcset=\"https:\/\/legalsatu.id\/blog\/wp-content\/uploads\/2026\/10\/pajak-akuntansi-04.jpg 1600w, https:\/\/legalsatu.id\/blog\/wp-content\/uploads\/2026\/10\/pajak-akuntansi-04-300x200.jpg 300w, https:\/\/legalsatu.id\/blog\/wp-content\/uploads\/2026\/10\/pajak-akuntansi-04-1024x683.jpg 1024w, https:\/\/legalsatu.id\/blog\/wp-content\/uploads\/2026\/10\/pajak-akuntansi-04-768x512.jpg 768w, https:\/\/legalsatu.id\/blog\/wp-content\/uploads\/2026\/10\/pajak-akuntansi-04-1536x1024.jpg 1536w\" sizes=\"(max-width: 735px) 100vw, 735px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/#Cara_Menghitung_DER\" >Cara Menghitung DER<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/#Pengecualian\" >Pengecualian<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/#Pinjaman_dari_Pemegang_Saham\" >Pinjaman dari Pemegang Saham<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/#Pertanyaan_yang_Sering_Diajukan\" >Pertanyaan yang Sering Diajukan<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/#Berapa_batas_DER_untuk_pajak\" >Berapa batas DER untuk pajak?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/#Apa_akibat_DER_melebihi_4_1\" >Apa akibat DER melebihi 4:1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/#Siapa_yang_dikecualikan_dari_batas_DER\" >Siapa yang dikecualikan dari batas DER?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/legalsatu.id\/blog\/der-rasio-utang-modal-pajak\/#Apakah_bunga_pinjaman_pemegang_saham_dipotong_pajak\" >Apakah bunga pinjaman pemegang saham dipotong pajak?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Cara_Menghitung_DER\"><\/span>Cara Menghitung DER<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>DER = rata-rata saldo utang \/ rata-rata saldo modal<\/strong>. Contoh: rata-rata utang Rp10 miliar dan modal Rp2 miliar, DER = 5:1. Karena melebihi 4:1, hanya biaya bunga sebanding 4\/5 yang boleh dibebankan.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pengecualian\"><\/span>Pengecualian<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Batas DER tidak berlaku untuk wajib pajak tertentu, antara lain bank, lembaga pembiayaan, asuransi dan reasuransi, usaha pertambangan dan migas dengan kontrak yang mengatur DER, wajib pajak yang seluruh penghasilannya dikenai PPh final, dan usaha infrastruktur.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pinjaman_dari_Pemegang_Saham\"><\/span>Pinjaman dari Pemegang Saham<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Buat perjanjian pinjaman tertulis dengan bunga yang wajar.<\/li>\n<li>Potong PPh 23 atau PPh 26 atas bunga yang dibayarkan.<\/li>\n<li>Pinjaman tanpa bunga dari pemegang saham dapat diterima dengan syarat tertentu.<\/li>\n<li>Utang luar negeri swasta wajib dilaporkan sesuai ketentuan.<\/li>\n<\/ul>\n<p class=\"ls-baca-juga\"><strong>Baca Juga:<\/strong> <a href=\"https:\/\/legalsatu.id\/blog\/modal-disetor-pt\/\">Modal Disetor PT<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pertanyaan_yang_Sering_Diajukan\"><\/span>Pertanyaan yang Sering Diajukan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Berapa_batas_DER_untuk_pajak\"><\/span>Berapa batas DER untuk pajak?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Paling tinggi 4:1 berdasarkan PMK 169\/PMK.010\/2015.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Apa_akibat_DER_melebihi_4_1\"><\/span>Apa akibat DER melebihi 4:1?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bunga atas kelebihan utang tidak dapat dibebankan sebagai biaya.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Siapa_yang_dikecualikan_dari_batas_DER\"><\/span>Siapa yang dikecualikan dari batas DER?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Antara lain bank, lembaga pembiayaan, asuransi, wajib pajak dengan PPh final, dan usaha infrastruktur.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Apakah_bunga_pinjaman_pemegang_saham_dipotong_pajak\"><\/span>Apakah bunga pinjaman pemegang saham dipotong pajak?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ya, dipotong PPh 23 untuk dalam negeri atau PPh 26 untuk luar negeri.<\/p>\n<div class=\"ls-cta\" style=\"border-left:4px solid #0d6efd;background:#f3f7ff;padding:16px 20px;margin:28px 0;border-radius:6px\">\n<p style=\"margin:0 0 8px\"><strong>Ingin Struktur Pendanaan PT yang Efisien Pajak?<\/strong><\/p>\n<p style=\"margin:0 0 8px\">LegalSatu membantu menyusun struktur modal dan pinjaman PT sesuai ketentuan pajak. Lihat paketnya di <a href=\"https:\/\/legalsatu.id\/jasa-pajak\">layanan jasa pajak LegalSatu<\/a>.<\/p>\n<p style=\"margin:0\"><a href=\"https:\/\/wa.me\/6285218089300?text=Halo%20Admin%20LegalSatu.%20Saya%20ingin%20konsultasi%20DER%20dan%20pinjaman%20pemegang%20saham.%20Saya%20lihat%20dari%20artikel%20blog%20legalsatu.id\"><strong>Konsultasi gratis via WhatsApp<\/strong><\/a> atau lihat seluruh <a href=\"https:\/\/legalsatu.id\/\">layanan LegalSatu<\/a>.<\/p>\n<\/div>\n<div class=\"ls-terkait\">\n<p><strong>Artikel Terkait:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/legalsatu.id\/blog\/modal-disetor-pt\/\">Modal Disetor PT<\/a><\/li>\n<li><a href=\"https:\/\/legalsatu.id\/blog\/pajak-penghasilan-pt\/\">Pajak Penghasilan PT<\/a><\/li>\n<li><a href=\"https:\/\/legalsatu.id\/blog\/semua-tentang-dividen\/\">Semua tentang Dividen<\/a><\/li>\n<\/ul>\n<\/div>\n<blockquote>\n<p><strong>Catatan:<\/strong> Artikel ini bersifat edukatif dan disusun berdasarkan PMK 169\/PMK.010\/2015 dan UU PPh, per September 2026. Regulasi dan praktik di lapangan dapat berubah atau berbeda antar daerah. Untuk kebutuhan hukum spesifik bisnis Anda, konsultasikan dengan tim legal LegalSatu.<\/p>\n<\/blockquote>\n<p><script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@type\": \"FAQPage\", \"mainEntity\": [{\"@type\": \"Question\", \"name\": \"Berapa batas DER untuk pajak?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Paling tinggi 4:1 berdasarkan PMK 169\/PMK.010\/2015.\"}}, {\"@type\": \"Question\", \"name\": \"Apa akibat DER melebihi 4:1?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Bunga atas kelebihan utang tidak dapat dibebankan sebagai biaya.\"}}, {\"@type\": \"Question\", \"name\": \"Siapa yang dikecualikan dari batas DER?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Antara lain bank, lembaga pembiayaan, asuransi, wajib pajak dengan PPh final, dan usaha infrastruktur.\"}}, {\"@type\": \"Question\", \"name\": \"Apakah bunga pinjaman pemegang saham dipotong pajak?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Ya, dipotong PPh 23 untuk dalam negeri atau PPh 26 untuk luar negeri.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Untuk pajak, rasio utang terhadap modal (DER) dibatasi 4:1 berdasarkan PMK 169\/2015. Bunga atas kelebihan utang tidak bisa dibebankan sebagai biaya.<\/p>\n","protected":false},"author":1,"featured_media":5378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"DER pajak","_yoast_wpseo_title":"DER untuk Pajak: Batas Rasio Utang dan Modal 4:1","_yoast_wpseo_metadesc":"Untuk pajak, rasio utang terhadap modal (DER) dibatasi 4:1 berdasarkan PMK 169\/2015. Bunga atas kelebihan utang tidak bisa dibebankan sebagai biaya.","footnotes":""},"categories":[8],"tags":[],"class_list":["post-5404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-perpajakan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DER untuk Pajak: Batas Rasio Utang dan Modal 4:1<\/title>\n<meta name=\"description\" content=\"Untuk pajak, rasio utang terhadap modal (DER) dibatasi 4:1 berdasarkan PMK 169\/2015. 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