Cekindo Business International is now InCorp Indonesia. 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 today’s 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.
Singapore and Indonesia have a robust bilateral relationship based on mutual economic interests. With Indonesia’s business climate advancing, Singapore’s closeness to this resource-rich country has made it a major route for investors seeking investment possibilities in Indonesia.
For several years, Singapore has been the biggest foreign investor in Indonesia, with investments totaling USD 9.8 billion in 2020. Moreover, Singapore has established a comprehensive network of treaties and agreements to guarantee its status as a preferred location for regional holding companies. The Singapore-Indonesia Double Tax Avoidance (DTA) agreement is one such treaty that ensures investors working in these countries receive favorable tax treatment.
This article will deal with comprehensive aspects of the Double Tax Avoidance Agreement under the Indonesia-Singapore Tax Treaty.
Indonesia and Singapore signed their first DTA agreement in 1992 where the provisions of the agreement applied to all taxes imposed on the income of the tax-paying entity in either of the two contracting states.
On February 4, 2020, Indonesia and Singapore signed a revised agreement on the elimination of double taxation (DTA) and the prevention of tax evasion, which officially took effect on July 23, 2021. Both governments believe that such measures would help improve bilateral trade, which totaled more than USD 40 billion in 2019.
Capital gains were not regulated under the old DTA. However, under the new regulations, the investor’s country of residence will be assigned taxation rights on capital gains from the sale of shares and assets of Indonesian firms.
As a result, Singapore investors would no longer be subject to Indonesian law’s current 5% tax on gross revenues from the sale of equity interests owned by a foreign shareholder.
The BPT rate, which was formerly 15%, has now been lowered to 10%. The tariff, however, does not apply to Indonesian or Singaporean firms or residents who are party to contracts in the oil and gas or mining industries.
The former rate of withholding tax on royalty payments was 15%. The tax rate has been reduced to 10% for the right to use, or use of any copyright of a scientific, artistic, or literary work, which includes cinematograph films or tapes used for radio or television, as well as any patent, trademark, plan, design, or secret formula; and 8% for the right to use, or use of any commercial, industrial, or scientific equipment or knowledge, thanks to the new regulations.
The ‘most favored nation’ (MFN) clause is removed as it mandates a nation to give all WTO countries the same rights, concessions, and immunities. As a result, both the countries were unable to freely change the production sharing contracts (PSC).
With recent amendments, it will allow the two nations to negotiate specific PSC terms, allowing the process to be more flexible and seamless.
According to Article 22 of the previous DTA, Singaporean tax residents may only benefit from the treaty’s terms if their income was transferred to their country.
With this clause removed, Singaporean and Indonesian tax residents would no longer be necessary to send income into Singapore in order to benefit from the DTA, however, an anti-abuse rule called principal purpose test (PPT) would apply.
Indonesia has signed agreements (tax treaties) with the following 59 countries to avoid inadvertent double taxation on specific income such as earnings, dividends, interests, fees, and royalties:
Based on the rules of the particular tax treaty, withholding tax rates applicable to citizens of these countries signing tax treaties with Indonesia may be lowered.
Indonesia-Singapore tax treaty can further help Singapore cement its position as a center for foreign investments in Indonesia.
Despite the lucrative improvements, foreign investors are recommended to seek the advice of a competent tax expert, such as Cekindo, to better understand the taxation in Indonesia and how they may benefit from the new legislation.
Furthermore, to help your company comply with the accounting and tax reporting nuances, Cekindo provides a full selection of accounting services in Indonesia. By outsourcing your business accounting and tax obligations, you would reduce your operating costs and administrative burden, while ultimately increasing your business flexibility and growth.
Edy Tarlesno holds various certifications and a respectable degree to be an expert on internal and external legal compliance in Indonesia. His experience starts from bankruptcy and insolvency, leading to a prominent social foundation consultancy in Indonesia.