20% OFF your first business expansion. Learn more.
InCorp offers a comprehensive range of solutions to ease the company registration process and help you create a viable roadmap for your business.
Get assistance from experts with a decade of experience in assisting international business owners expanding into Indonesia.
Avoid any bureaucratic complexity when closing your company by engaging with our experienced legal advisors.
What type of legal entities should you choose to register a company in Indonesia? We can assist you in choosing which is the best one to grow your business.
To help businesses survive during this unfortunate time, InCorp provides corporate recovery in Indonesia and insolvency services.
Granting an environmental permit in Indonesia needs an Environmental Impact Analysis (AMDAL) in advance.
Obtaining property & land ownership in Indonesia offers some challenges for foreigners. However, buying property in Indonesia is attainable with specific resources and documents.
Recent regulatory changes have a knock-on effect on Indonesia's Merger & Acquisition landscape. Check on how we can navigate you through your M&A in Indonesia.
InCorp provides Virtual Office services Indonesia in various locations: Jakarta, Bali, Semarang, Surabaya, and Batam.
Business process outsourcing in Indonesia is a viable option to streamline bureaucratic complexities that hurdle your business expansion objectives.
InCorp offers a complete range of accounting service Indonesia, from tax reporting to auditing.
With professional financial audit services from InCorp, you can ensure all accounting activities are accurately recorded and compliant with Indonesian regulations.
Using an Employer of Record service to set your roots in Indonesia opens the doors to new opportunities in the country.
Financial and Operational Resilience services from InCorp are developed to support businesses and help them survive during this difficult time.
Payroll services in Indonesia are a practical solution to avoid unnecessary complexities while you focus on growing your business.
Using a recruitment agency in Indonesia will help you hire the best candidates for your company, saving you time and money.
Tax consulting in Indonesia are the shortcuts to fulfill the administrative obligations with high accuracy and in a timely manner.
The Indonesian government promotes tax holidays as one of the fiscal incentives to attract major foreign direct investment in Indonesia.
Operating businesses in Indonesia, entrepreneurs must comply with the regulations accordingly, especially concerning taxes.
Immigration in Indonesia is one of the strictest and most complex processes due to its ever-changing regulations. InCorp provides a seamless experience in obtaining your stay and work permits.
Avoid any hassles by engaging with an experienced visa agent in Indonesia.
A dependent visa Indonesia is a document that allows foreigners to bring their family while settling down in the country.
Investor KITAS Indonesia is a stay permit that offers many benefits to investors that invest in the country.
Overseas Visas are required for Indonesians who are planning to stay abroad for an extended period of time.
KITAP is a permanent stay visa for foreigners who have intentions to stay in Indonesia.
Foreign retirees often find their plans stuck due to the complex visa application process. InCorp helps expedite the process.
Obtaining a social visa is daunting if you are not familiar with the country’s complex bureaucratic processes. Consult with us for a seamless Indonesian visa application experience.
Foreigners married to an Indonesian citizen are eligible for a spouse-sponsored KITAS.
Learn how to obtain an Indonesian tourist visa seamlessly and securely, directly from a trusted visa and travel agent.
Get assistance from a trusted visa agent in Indonesia to make your traveling plan to Indonesia even more convenient.
Expedite your Indonesian work permit application process by engaging with a trusted visa agent.
All imported goods must obtain permission granted by specific governing bodies prior to entering the local market.
Learn more about the cosmetic product registration services in Indonesia.
Learn more about exporting goods to Indonesia.
Learn more about the food & beverage product registration services in Indonesia
Learn how to go through halal certification in Indonesia directly from experts successfully.
Learn more about the health supplement product registration services in Indonesia.
Learn more about the household product registration services in Indonesia.
Learn more about importing goods from Indonesia
An Importer of Record in Indonesia is a legal service that enables companies to import products into Indonesia, through an import partner.
Learn more about the medical device registration services in Indonesia.
Register a trademark is necessary to avoid legal issues in the future. InCorp can help you with Trademark Registration services in Indonesia.
Compliance is one of the most challenging parts of business overseas, especially in a country packed with complex bureaucratic processes such as Indonesia.
Updating business documents to align with your company’s growth can be a hassle.
Due Diligence services are needed to assess the credibility of the company or partner you wish to work with or acquire in Indonesia
From Company Regulations to Employment Agreement Drafting, Employment law services from InCorp will help you to compliance with employment policy in Indonesia.
InCorp’s legal consultation services in Indonesia are crafted to help your business settle and fully comply with the latest regulations.
Organizations must continuously evolve and transform to remain competitive and relevant in todays global environment ...
Companies face many opportunities and challenges as a result of a changing market and regulatory landscape ...
Adopting Environmental, Social, and Corporate Governance (ESG) practices can improve your company’s value ...
Risk Management services from InCorp Indonesia can assist companies in building confidence when making future business decisions ...
Transfer Pricing in Indonesia occurs when a company performs an internal transaction within the same business group or its subsidiaries
InCorp's transfer pricing advisory services in Indonesia are marked by the objective to support our clients' business needs.
Our transfer pricing services provide you with a hassle-free experience while still complying with the legal aspects of transfer pricing in Indonesia.
As the market-entry consulting firm in Indonesia, InCorp provides a wide range of customized solutions to ease the business incorporation process.
Both natural and legal persons are entitled to open a bank account in Indonesia. Find out how to open a bank account in Indonesia, here.
InCorp can help you find a trusted Buying Agent Indonesia for product sourcing in Indonesia. Contact us now for a free consultation.
InCorp can help foreigners to get the driving license in Indonesia, whether SIM A or SIM C. Check out the requirements and the procedure, here.
IMEI Registration in Indonesia is necessary to ensure telecommunication devices from abroad can function properly in Indonesia.
With offices in Jakarta, Bali, Semarang, SUrabaya, and Batam, InCorp is ready to assist you as a local partner and distributor in Indonesia.
InCorp can help you to select the trusted local partners to import and distribute your products in Indonesia.
Improve your business by knowing the market conditions in Indonesia through market research services in Indonesia.
InCorp can help you gain information about your competitor's product through mystery shopping.
Cryptocurrency is a digital currency secured by cryptography and is considered secure as it is nearly impossible to counterfeit. This currency is not issued nor regulated by a central authority which makes it immune to government intervention to a certain extent. It is based on a network distributed across a large number of computers. Due to its decentralized structure, cryptocurrency allows for cheap and fast money transfers.
Crypto assets as traded commodities are considered intangible taxable goods. Trading platforms that conduct themselves through electronic systems, otherwise known as Penyelenggara Perdagangan Melalui Sistem Elektronik (PPMSE), that facilitate crypto assets are VAT collectors.
These include physical crypto asset traders registered with the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) and crypto-asset electronic wallet service providers. The Indonesian government has decided to start taxing the crypto markets for any transactions and assets related in May 2022.
The taxation will also be done on other financial technology services too. The finance ministry has set the VAT on crypto-assets purchases at 0.1%. The transactions, as mentioned earlier, earnings, and capital gains will be subject to a 0.1% final income tax. This rule is effective from May 1, 2022. Trading conducted on platforms that the government does not authorize is subject to higher VAT and income tax of 0.2% each.
President Joko Widodo passed the Tax Harmonization Bill on October 29, 2021. Amongst others, the law regulates:
The law is established to increase sustainable economic growth and support the acceleration of economic recovery. The law stipulates that it is primarily based on justice, simplicity, efficiency, legal certainty, utility, and national interest. The tax policies contained within this law provide for a higher degree of fairness and support and strengthen the MSME sector.
Alongside that, realizing a tax system with a higher level of legal certainty would also result in increased voluntary compliance of taxpayers. The passing of this law is appreciated as a comprehensive attempt that is part of the continuous reforms conducted by the Directorate General of Taxation.
The reform is undertaken by repairing administrative processes, improving human resources and organizational structure, and business processes. It is hoped that revenues can once again be optimized to achieve fiscal consolidation. The law is expected to close any regulatory gaps and facilitate the new developments in digital activities from the administrative aspect.
Policies regarding taxes on cryptocurrency transactions and crypto assets are poured into Minister of Finance Regulation No. 68 Year 2022 concerning Value Added Tax and Income Tax on Crypto Asset Trading Transactions, effectively starting May 1, 2022.
VAT tax is levied on crypto transactions and is collected by the platform that facilitates the trade. The amount of which is:
VAT is effectively collected when:
New or foreign companies facing difficulties comprehending the possible impact of the new regulations on their business could consult Cekindo as they offer tax and legal consultations.
The imposition of taxes on financial technology services is not something new, as the services mentioned above were already subject to VAT. However, the close relationship with banking activities urged the Minister of Finance to issue a new regulation of Minister of Finance Regulation No. 69 Year 2022 concerning Income Tax and Value Added Tax on Implementation of Financial Technology.
The new rule merely imposes taxes on services that facilitate transactions, which means no direct tax levied on the value of the transactions or the transaction actors. The financial technology services subject to tax imposition include payment services, crowdfunding, investment management, online insurance, and digital financial support services.
With more than 10 years of expertise in accounting and finance, Daris Salam dedicates his knowledge to consistently improving the performance of InCorp Indonesia and maintaining clients and partnerships.