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Frequently Asked Questions

Should I submit tax reports if my company has been established but has no business activities?

Yes, submitting monthly and annual tax reports is mandatory even if your company does not have any business activities, thus owing zero taxes.

Will having a tax ID but never submitting tax reports cause a problem for my company?

Yes, you will receive an administrative penalty for delaying or not correctly and promptly filing the tax report. It is best to hire a local third party to handle your taxation matters in Indonesia, such as InCorp.

What are the deadlines for the annual tax return?

The deadline for an individual tax return is 31 March. A corporate tax return must be lodged within four months after the end of the calendar year or taxable year. More information can be found here: 21 Must-Know Facts about Annual Tax Return in Indonesia.

Is there any foreign exchange control or limitation in Indonesia?

Foreign currency transfers to and from Indonesia are not subject to exchange controls, allowing investors to freely move funds. However, these transactions must be reported to Bank Indonesia. Moreover, there are reporting obligations concerning offshore assets and liabilities to ensure transparency in financial activities.