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Blog: Tax Reporting

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 …

How to Ensure Accounting and Tax Compliance in Indonesia: The Shortcuts

To successfully run a business anywhere in the world, you need to comply with the applicable laws and regulations. In Indonesia, ensuring compliance is required from the start when you register your company and after your business is up and running, such as accounting and tax compliance. After having your company legally registered in Indonesia, …

Government Has Implemented New Tax Relaxation in Indonesia Following COVID-19 Situation

 As the Covid-19 pandemic kept taking its toll, the government impose tax relaxation in Indonesia to help the economy survive the outbreak. The authorities extended the incentives through Minister of Finance Regulation or Peraturan Menteri Keuangan (PMK) 9/PMK.03/2021.  This article will summarize a few key points that you should put to your consideration.  Tax Relaxation …

Investors in Certain Industries and/or Regions are Entitled to New Indonesia Tax Incentives

The Indonesian government released Regulation 78/2019 or GR 78 on November 13, 2019, abolishing Regulation 18/2015. This regulation is regarding Income Tax Incentives Granting for Investments in Certain Business Sectors and Industries in Indonesia, which has become effective on December 13, 2019. The purpose of the enactment of GR78 is to simplify the procedure of …

Common Tax Infringements in Indonesia and How to Avoid Them

Over the years, we have seen an immense flourish of businesses in Indonesia. Therefore, the legal requirements to keep up legitimate accounting and tax filing are also getting more and more significant. However, due to the ever-changing laws and the complexity of the regulations, most business owners and foreign entrepreneurs often find tax filing, reporting …

Your Advanced Guide to Personal Income Tax in Indonesia

ANNOUNCEMENT: Due to current public health conditions (coronavirus), take note of the following updates related to tax obligations and tax compliance in Indonesia: In accordance with Regulation 86/PMK.03/2020, the Indonesian government has extended tax incentives until December 2020. The government has also expanded business sectors (KLU) that are entitled to tax incentives, from 1,062 to …

Back-Office Hotel Accounting Outsourcing: Key to Successful Hotel Operations

There has been a huge shift in the hospitality industry in recent years as an increasing number of hotels have started to outsource many of their back-office tasks including hotel accounting. This is definitely not surprising because accounting outsourcing service helps in improving the structure of your entire business in Indonesia. Thanks to the ever-developing …

Outsourcing an Accounting Department Makes Sense after Knowing These 8 Reasons

In the ever-changing global economy, a lot of businesses are in critical turning point of their growth phase in Indonesia. Some businesses hit the whopping million dollar mark in their annual revenue and all of a sudden feel the pressure of handling their own accounting. As a result, it takes only a very short time …

Everything You Need to Know about Value-Added Tax (VAT) in Indonesia

Value-Added Tax (VAT) is a tax imposed on most goods and services in the Indonesian Customs Area. In other words, it is a consumption tax applied to each production stage until the final product sales. Therefore, Indonesia VAT has impacts on both end consumers and businesses. Cekindo has put together a basic guide with some …