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Blog: Tax Reporting

The Important Things to Know about Indonesia’s Carbon Tax

With the worsening climatic conditions, countries around the world have agreed to combat climate change through various carbon reduction efforts. Indonesia, too, has submitted its pledge to reduce carbon emissions to 41% by 2030, to the United Nations Framework Convention on Climate Change (UNFCCC), and the Paris Agreement. The Indonesian government is preparing a progressive …

A Guide to Indonesia-Singapore Double Tax Avoidance Agreement

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 …

Tax System in Indonesia: Major Overhaul Passed

Recently, the Indonesian parliament passed a legislation implementing one of the country’s most comprehensive reforms on its tax system, including an increase in VAT next year, a new carbon fee, and the cancellation of a scheduled corporate tax cut. The new fiscal measures are expected to raise tax income in Indonesia by about USD 9.80 …

A Window Opportunity in Indonesia Gaming Market for Chinese Developers

Video and internet games have gained massive attention across the globe as people are refraining from playing traditional sports due to Covid -19 restrictions. Thus, boosting the mobile video games industry from USD 61.3 billion in 2019 to USD 98 billion in 2020. One of the major countries that have significantly contributed to the global …

The 2021 Guide to Tax and Payroll Compliance in Indonesia

Regardless of where you are doing business, you are required to stay in 100% compliance. Tax registration, tax payment, and tax reporting are mandatory. In Indonesia, there are many types of taxes and as a foreign investor, it may be challenging to comprehend all, especially when regulations are prone to changes. This is why consulting …

A Guide to Property Tax in Indonesia

Indonesia is a sought-after destination for business owners and investors to purchase or own a property. Thanks to its recent economic reform, Indonesia does not just depend on direct taxes for the country’s income. Therefore, expats buying properties in Indonesia are paying one of the lowest property taxes on their property acquisitions, compared to many …

Why Your Business in Indonesia should Invest in Bookkeepers

If you are a business owner, you will know that investing in accounting services, especially bookkeepers can be very beneficial for your business’ bottom line and long-term growth in Indonesia. Bookkeepers are those people who handle all your daily financial records and ensure that you have the most precise and balanced books. This is why …

Transfer Pricing in Indonesia: An Obligation to Implement Arm’s Length Principle

When a company performs an internal transaction within the same business group or when a company transacts with its subsidiary, another company or an individual, a transfer price occurs to determine costs and fulfill accounting and tax purposes. When being compared to a market price, a transfer price usually does not differ much. Transfer pricing, …

Annual Tax Return in Indonesia for Freelancers: An Easy Guide

When doing business in Indonesia, tax obligations become unavoidable. One of the tax obligations to fulfill is an annual tax return and your employment status can impact your tax obligations. This article contains everything you need to know about filing the annual tax return in Indonesia as a freelancer. What is an Indonesian Tax Return? …

Top 6 False Facts about Accounting Outsourcing in Semarang

Accounting is among the most crucial tasks to outsource in business everywhere in the world, including the bustling city in Indonesia – Semarang. However, there are still many false facts about accounting outsourcing in Semarang and Cekindo is here to debunk them for you. Accounting Outsourcing in Semarang: 6 False Facts False Fact 1: Accounting …

Tax Registration for Tax Compliance in Indonesia: Your Guide

Tax compliance is an important matter all over the world including individuals and companies that do business in Indonesia. Every business in Indonesia must register for tax, pay and report it. As taxes contribute largely to Indonesia’s country income, the tax amount imposed will have a considerable impact on both local and foreign businesses. There …

An Accountant vs. A Bookkeeper: How are They Different?

Accounting outsourcing in Indonesia has become a very common approach for both local and foreign companies. Business owners prefer outsourced bookkeepers and accountants due to its cost-effectiveness, scalability, affordability, and risk mitigation. Before you want to let a professional handle your accounting, you must know the difference between an accountant and a bookkeeper – so …