Rich in business opportunities, the Balinese market gets into troubles several foreigners per year. While most entrepreneurs focus on company registration and securing a proper visa, it is a compliance with the Indonesian taxation system that is put aside.
Cekindo is a member of 3E Accounting International, a global accounting network that embraces top international accounting firms worldwide. We are pleased to be the agency that represents Indonesia and offer our clients integrated international one-stop services.
Unravelling Myths about Accounting and Taxes
To the surprise of many, it is not only companies and locals that are obliged to pay taxes in Indonesia. Foreigners staying in Bali for more than 180 days during one taxation year must apply for a taxation number known as NPWP. This concerns expats on a retirement visa as well.
Regarding corporate tax obligations and accounting services, business leaders will find outsourcing payroll, audits and filing tax reports very useful.
Do not waste your time and money when keeping updated with the constantly changing Indonesian legislation. Cooperate with Cekindo instead – your finance department can prioritise activities that bring you profit.