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Blog - Tax & Accounting

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Blog: Tax & Accounting

5 Ways How to Grow Your Business through Outsourcing

Outsourcing, also known as “contracting out”, is a business practice of having organizational tasks, functions, and operations done outside a company. They can be outsourced to an external company to improve efficiency and reduce costs. Outsourcing is known to be the passive path to growing your business in Indonesia, especially for startups and small businesses. …

Accounting and Tax Reporting in Indonesia

It may be old, but the adage has always remained true and relevant: one of the constant things in the world is taxes. It doesn’t matter which country you go. In some way or form, you will pay it. …

Why You Need to Outsource Your Accounting and Payroll

Many components make up a business. For it to run like a well-oiled machine, it requires a reliable, scalable system for payroll and accounting. These may be easy if you have very few employees to manage or you operate domestically. This way, you’re familiar with business-related laws such as accounting, taxation, and labour. …

An Overview on Indonesia’s Tax Reporting and Planning

Taxation is always a complex process especially Indonesia Tax reporting where many laws and regulations govern it. Take, for example, how to calculate the income tax for both corporate entities and individuals such as employees. Under the taxation laws, the length of the residency matters. You are considered a resident of the country if your …

Understanding PEO Outsourcing Services in Indonesia

Thinking of setting up a business in Indonesia? You know it requires business permits and licenses. You need to work on other core functions such as recruitment, human resource, payroll, and tax accounting. Here we explain the business process outsourcing Indonesia that most companies used.   All these can be very confusing – and frustrating …

Insurance and Social Security (BPJS) Type in Indonesia

All Indonesian residents, including expats who have been living in the country for 6 months or more, have the obligation to obtain BPJS Kesehatan (Healthcare BPJS). This BPJS type in Indonesia is independently processed by individuals. However, if you are a part of a company—for both local or foreign company—you will also get the so …

What You Should Know About the Latest Land and Building Tax Regulation

The Minister of Finance has released a new regulation of tax on land and/or building and tax on sale and purchase agreement of land and/or building. The regulation covers tax rates for taxpayers who divert their rights on land or building, how to submit the tax, and information on those who are excluded from the …

Tax Amnesty: The Benefits and Challenges

Tax amnesty is actually a government effort to give opportunities for taxpayers to become clean, with the hope that they can continue paying their taxes with reduced or waived interests and/or penalties. This amnesty is given for a certain period of time and is given to both individuals and companies. Ideally, this kind of amnesty …

Accounting and Tax Reporting in Indonesia – Deadlines, Warnings and Recommendations

Understanding of Taxation in Indonesia It is compulsory that any PT PMA in Indonesia has to pay taxes and report the company’s financial status regularly. Many of Indonesian taxes that should be paid by PT PMA are similar to what stakeholders should pay in different countries. Among them are monthly and annually withholding taxes, monthly and annually …

Income taxation system in Indonesia

With current global condition, emerging market countries are the latest investment destinations, and Indonesia is no exception. If you are planning to open a business in Indonesia, you may know that the overall process can be quite a hassle due to bureaucratic and legal matters. Once you’re finished with those matters, the next important thing is …

Corporate and Personal Income Tax in Indonesia

Tax is a central issue in investment matters no matter where you are. Because tax is a major contributor to a country’s income, the amount of tax imposed is often a determining factor for investors who are considering entering a market country. Corporate tax or company tax refers to a tax imposed on entities that are taxed at …