Home Blog What are the benefits of payroll outsourcing in Indonesia? Payroll What are the benefits of payroll outsourcing in Indonesia? InCorp Editorial Team 18 August 2023 1 minute reading time Table of Contents There are many benefits of payroll outsourcing in Indonesia. However, some of the most noteworthy ones include cost reduction (no need to build an internal team), compliance (Indonesia is well-known for its constantly changing payroll regulations), and core business focus (payroll is a non-revenue-generating task). Read Full Bio Pandu Biasramadhan Senior Consulting Manager at InCorp Indonesia An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.
Home Blog What kind of financial statements that InCorp manages? Accounting What kind of financial statements that InCorp manages? InCorp Editorial Team 18 August 2023 1 minute reading time Table of Contents There are plenty of financials that InCorp manages. Among them are Trial Balance, Balance Sheet, and Profit & Loss Statement. Read Full Bio Pandu Biasramadhan Senior Consulting Manager at InCorp Indonesia An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.
Home Blog Should I submit tax reports if my company has been established but has no business activities? Company Income Tax | Tax Reporting Should I submit tax reports if my company has been established but has no business activities? InCorp Editorial Team 18 August 2023 1 minute reading time Table of Contents Yes, submitting monthly and annual tax reports is mandatory even if your company does not have any business activities, thus zero taxes. Read Full Bio Pandu Biasramadhan Senior Consulting Manager at InCorp Indonesia An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.
Home Blog Applying for The Tax Holiday in Indonesia Applying for The Tax Holiday in Indonesia InCorp Editorial Team 18 April 2024 2 minute reading time Table of Contents What is a tax holiday? Application for the tax holiday Eligibility and requirements Why Choose InCorp Indonesia? What is a tax holiday? Foreign direct investments in Indonesia are determined to receive a tax holiday facility. As a fiscal facility, tax holidays in Indonesia reduce the income taxes of any business investments. The Ministry of Finance regulates the incentive for this income tax holiday through Regulation No.130/PMK.010/2020. Talk to our experts Application for the tax holiday As a leading firm in business advisory services in Indonesia, InCorp Indonesia assists with your needs in obtaining tax holiday incentives. We ensure that all the necessary processes will run smoothly. Talk to our experts Eligibility and requirements The Indonesian government provides an array of industries with tax holiday incentives. However, there are requirements to obtain this convenience. The industry must prioritize job creation, technological innovation, and strategic value for the nation’s economic outlook. Additionally, IDR 100 billion is the minimum capital investors should pay to gain a tax holiday for the investments. Currently, only 18 business sectors offer tax holiday incentives, known as the pioneer industries. The abovementioned requirements are only a few among the long list for an approved tax holiday. Our seasoned consultants will guide you to understand the foreign direct investment regulations to obtain a tax benefit in Indonesia. Talk to our experts Why Choose InCorp Indonesia? 1HIGH QUALITY SERVICE We constantly provide high-quality service by seeking to understand your issues and needs. Our solutions are personalized for every business. 2COMPLETE PACKAGE We do not do things halfheartedly. To ensure client satisfaction, we offer a complete package of our services. 3TIME AND COST-EFFICIENCY To save time and minimize costs for tax-related issues. Your talents can be focused on business strategies that will help grow your business.
Home Blog Tax Litigation Services in Indonesia Tax Litigation Services in Indonesia InCorp Editorial Team 18 April 2024 3 minute reading time Table of Contents Why tax litigation services in Indonesia are important InCorp Indonesia provides tax litigation services in Indonesia When do you need a tax litigation service? Why Choose InCorp Indonesia? Why tax litigation services in Indonesia are important Law Number 14 of 2002 concerning the Tax Court regulates the Tax Court Law, and tax disputes count as the large majority of court cases in Indonesia. Tax litigation serves as an appealable order or claims against the tax court under applicable regulations regarding taxation between taxpayers and the official in charge. The case usually includes claims against tax collection conducted by forced warrant. Tax Court cases might pose challenges to some entrepreneurs in running their businesses. Therefore, opting for tax litigation services in Indonesia is important to keep your company free of compliancy charges in tax and financial matters. Talk to our experts InCorp Indonesia provides tax litigation services in Indonesia InCorp Indonesia takes pride to provide tax consultation in Indonesia. Our experienced consultants will assist you in tax litigations and tailor services specific to your needs. We ensure your business in Indonesia is running smoothly. Start tax appeal When do you need a tax litigation service? There are many tax disputes that can be brought as tax court cases. Therefore, a company may use a tax litigation service or an external tax litigation attorney in Indonesia to ensure that the case is run through the proper law accordingly. In assessing taxpayers’ compliance, tax audits are often conducted. However, auditing can only be legally done within the statutory limitation of 5 years after the date of a tax becomes payable or after the end of a tax period, a fraction of a fiscal year, or a fiscal year. During the audit period, disputes may arise. For example, the Directorate General of Taxes (DGT) finds that the tax disclosed in the tax return is incorrect. The company may hire a tax litigation service to prove the right claim or choose a tax appeal. Taxpayers can submit a court appeal within three months of receiving the DGT’s audit decision. However, before submitting the appeal, taxpayers must pay at least 50% of the tax payable required by the Tax Court law. To ensure the fairness of the tax appeal process, a tax litigation service or tax litigation attorney is needed to represent. Contact us now Why Choose InCorp Indonesia? 1HIGH-QUALITY SERVICE We constantly provide high-quality service by seeking to understand your issues and needs. Our solutions are personalized for every business. 2COMPLETE PACKAGE We do not do things halfheartedly. To ensure client satisfaction, we offer a complete package of our services. 3TIME AND COST-EFFICIENCY To save time and minimize costs for tax-related issues. Your talents can be focused on business strategies that will help grow your business.
Home Blog Employer of Record in Indonesia Employer of Record in Indonesia InCorp Editorial Team 25 July 2024 2 minute reading time Table of Contents Employer of Record Service: The Basics Eor in Indonesia: Thinking About the Future of Your Business EoR Service in Indonesia with InCorp Simplified EOR Recruitment Process Why Choose Us Employer of Record Service: The Basics As a form of outsourcing, an Employer of Record Indonesia service provider legally bears all the administrative responsibilities of managing a company’s employees. EoR responsibilities include but are not limited to recruitment, payroll, and work permits. While the Employer of Record service provider legally holds employment contracts, your company would still have autonomy in terms of day-to-day operations. Your company will still make all the final decisions in business strategies as well as employee management and supervision. Expedite payroll processing Eor in Indonesia: Thinking About the Future of Your Business Using an Employer of Record service to set your roots in Indonesia opens the doors to new opportunities in the country: Set up a company & enter the market on a larger scale if you’re satisfied with how your product or service performs in Indonesia Apply for a work permit (aka a KITAS) if you want to work in Indonesia after you’ve set up your company Tax and accounting services to facilitate financial reporting as well as the payment of income & corporation tax Employee background check Hire Indonesian talent EoR Service in Indonesia with InCorp If you’re ready to consider InCorp as your Employee of Record service provider, here is our full list of EoR services to keep in mind: Recruitment and Candidate Shortlisting Appointments and Employment Agreements Payroll processing and Salary Adjustments Income Tax Calculations and Reporting Employee Benefits and Insurance Visas and local sponsorship applications Contact us now Simplified EOR Recruitment Process Why Choose Us 1HIGH QUALITY SERVICE We commit to providing high-quality EoR services dan tailored to your unique business needs. 2100% COMPLIANT Our experienced HR specialists have the right skills to get it done and will not stop until they reach the client’s satisfaction while making sure your employment affairs are compliant with Indonesian law. 3TIME & COSTS SAVING While you focus on other aspects of your business, we will handle the recruitment process from start to finish, with your final approval.
Home Blog Financial and Operational Resilience Services in Indonesia Financial and Operational Resilience Services in Indonesia InCorp Editorial Team 25 March 2024 2 minute reading time Table of Contents Financial and Operational Resilience Services – why it is important for your business Why choose InCorp’s Financial and Operational Resilience Services in Indonesia? What to Expect from InCorp’s Financial and Operational Resilience Services in Indonesia? Financial and Operational Resilience Services – why it is important for your business During an unexpected crisis, businesses often find themselves struggling with declining profitability and cash obligations, leading to insufficient cash flow and a high proportion of debt-to-equity problems. Financial and Operational Resilience services can provide an in-depth analysis of your financial performance to mitigate potential risks from various perspectives early on. Talk to our experts Why choose InCorp’s Financial and Operational Resilience Services in Indonesia? With in-depth knowledge of the local business landscape, our team of financial experts can assist with setting up your financial KPIs as the Financial & Operational approach is highly customizable to your business model. As soon as we receive all necessary documents, we will study them and provide a comprehensive report on: The most profitable areas in your business and align capacity to revenue through Revenue Modelling Restructure debts and manage capital expenditure through Cash Flow Management Manage credit and inventory through Working Capital Tell us more What to Expect from InCorp’s Financial and Operational Resilience Services in Indonesia? 1A SIMPLIFIED FINANCIAL MODEL Understanding the financial position of your company when undertaking current operations. 2IMPACT TOLERANCE You can gain insight into existing and potential gaps for immediate improvement. 3A COMPLETE REPORT You can study the findings and adopt any remedies.
Home Blog Business Process Outsourcing Services Business Process Outsourcing Services InCorp Editorial Team 13 June 2024 3 minute reading time Table of Contents Key Services Key Services Accounting ServicesTax ConsultingPayroll OutsourcingHuman Capital and RecruitmentEmployer of RecordFinancial AuditFinancial and Operational Resilience Accounting Services in Indonesia Managing accounting and financial reporting requires high attention to detail and punctuality. As one of the leading Business Process Outsourcing companies, Cekindo’s accounting services have layers of review in place to identify errors promptly. Our team of accounting specialists has extensive expertise in wide-range areas such as taxation, finance, among others. They are ready to assist you in staying compliant with the most recent regulations. Get in touch Tax Consulting in Indonesia Wherever you are doing business, both as an individual and a company, tax is an obligation you cannot avoid. In Indonesia, filing an inaccurate tax report can result in various penalties. InCorp’s experienced tax consultants in Jakarta, Bali, Semarang, Surabaya, and Batam, can provide you with objective checks and balances in tax reporting, which will help to improve compliance. Get in touch Payroll Outsourcing in Indonesia As your business grows in size, you will find that managing payroll is getting more complicated as it is related to a wide range of financial operations, such as tax reporting, payment deadlines, cash flow management, and other legal compliance. With payroll outsourcing in Indonesia, you can achieve cost-effectiveness without sacrificing accuracy and punctuality. Streamline your payroll processing Human Capital and Recruitment in Indonesia HR is one of the most complex departments in any business, as it handles tedious and time-consuming burdens, including employee well-being and company culture. As a leading HR consulting firm in Indonesia, InCorp’s HR specialists can help you streamline the entire process, so you can maximize your resources to further grow your business. Outsource HR functions Employer of Record With an abundant productive-age population coupled with relatively low wages, Indonesia becomes a sought-after destination for global firms to hire remote employees. However, corporate compliance often becomes an obstacle as they are currently undergoing reforms. Companies who find themselves in the situation can transfer all employment responsibilities and duties to a Business Process Outsourcing company, such as InCorp. Hire Indonesians talent Indonesia’s Financial Audit Services To assess the financial health of every company operating in Indonesia, the Government requires them to submit a financial statement every year. Using Financial Audit services in Indonesia can lift this administrative obligation, so you can focus more on core business operations. InCorp’s financial auditors also can provide your financial statements with high accuracy and in a timely manner. Engage with us Financial and Operational Resilience Service in Indonesia Resiliency is a key for businesses to survive the crisis. In light of this, InCorp offers a Financial and Operational Resilience Service in Indonesia to support those going through uncertain times. From our analysis, you can expect a simplified financial model, impact tolerance, a full report, advice, and recommendations to help your business thrive. Get in touch
Home Blog Financial Audit Services in Indonesia Financial Audit Services in Indonesia InCorp Editorial Team 28 February 2024 2 minute reading time Table of Contents Company Auditing Services in Indonesia Why choose InCorp's company and financial audit services Financial Audit Services in Indonesia: A One-Stop Solution Why Choose InCorp Indonesia’s Financial Audit Services Company Auditing Services in Indonesia To avoid unpleasant government checks, every company must record both their expenses and revenue in their financial statements. This means all financial books, accounts, documents, and vouchers must be meticulously audited. A professional company auditing service will help view how your company’s financial processes are running, as well as their cycles of income and expenses. Talk to our experts Why choose InCorp’s company and financial audit services Having an experience in providing corporate services to international businesses for over a decade, InCorp Indonesia’s auditing services are crafted with the highest standards of quality and accuracy. Handled by our team of competent accountants with an in-depth knowledge of the local regulations, we can ensure that all the information presented in your financial statements meets the government’s standards. Contact us today Financial Audit Services in Indonesia: A One-Stop Solution Company and financial audits comprise several intricate details that need a systematic examination. Cekindo’s financial audit service in Indonesia is a one-stop service that handles: Presentable administration (Perapihan administrasi) Financial accounting standards review (Tinjauan standar akutansi Keuangan) Internal control review (Tinjauan pengendalian internal) Tax compliance review (Tinjauan kepatuhan pajak) Evidence of audit, test transactions & sampling Audit program and risk management (Program audit & manajemen resiko) Procedure of audit (Prosedur audit), and more Work paper of audit (Kertas kerja pemeriksaan) Management Letter Client Representation Letter Legalisation of Office Public Accountant — registered in Bank Indonesia Audit Report of Financial Statement Talk to our experts Why Choose InCorp Indonesia’s Financial Audit Services 1EXCELLENT QUALITY SERVICE By understanding your business’ unique issues and needs, we constantly deliver a high-quality service tailored to each and every business. 2EXPERIENCED FINANCIAL AUDITOR Through years of experience, we are the best at what we do. InCorp’s team of financial auditors has the right skills to get the job done and meet client satisfaction. 3ONE-STOP SOLUTIONS To ensure client satisfaction, we offer a complete array of financial audit services, ranging from tax compliance reviews to audit reports of financial statements. We never do things halfheartedly. 4TIME AND COST-SAVING Let us take unnecessary burdens off of your shoulders so you can dedicate your time to strategizing core business activities.
Home Blog Payroll Outsourcing Services in Indonesia Payroll Outsourcing Services in Indonesia InCorp Editorial Team 26 March 2024 2 minute reading time Table of Contents Why do you need a payroll outsourcing service in Indonesia? Outsource your payroll in Indonesia with InCorp Payroll Service in Indonesia: The Workflow Why Choose Us Why do you need a payroll outsourcing service in Indonesia? Whether you are a novice or a seasoned investor, understanding Indonesia’s labor law and tax policies can be daunting. Even with time to learn, the lack of familiarity with Indonesian payroll computation and tax reporting could put your business in serious jeopardy. Payroll outsourcing services in Indonesia can help you save time and money as you do not have to keep up with regulations and their changes yourself. Expedite your payroll processing Outsource your payroll in Indonesia with InCorp InCorp Indonesia offers hassle-free payroll outsourcing services to companies of any size. Our offices in Jakarta, Bali, Semarang, Surabaya, and Batam can handle your data with care while complying with the latest regulations. InCorp’s wide range of payroll services can also handle the following: Payroll audit assistance. Salary, tax, and BPJS payments. Monthly payroll computation. Detailed payslips, and more. Talk to our experts Payroll Service in Indonesia: The Workflow Why Choose Us 1EXPERIENCED PAYROLL SPECIALISTS InCorp’s team of payroll specialists has over a decade of experience in payroll processing. Equipped with in-depth knowledge of local policies, we can help you stay on top of the latest changes in Indonesian payroll regulations. 2EXPERIENCED TAX SPECIALISTS We are the best at what we do through years of professional experience. InCorp Indonesia has a team of accounting staff and tax specialists that have the right skills to get it done will not stop until they reach the client’s satisfaction. 3COMPLETE PACKAGE In Indonesia, payroll processing consists of numerous intricate details, such as monthly payroll and tax computation, social security reports, detailed payslips and salary, tax and BPJS payments, among others. InCorp’s payroll outsourcing is a one-stop service that handles every minute detail. 4ONE POINT OF CONTACT As a market-entry consulting firm, we are committed to ensuring that your expansion into Indonesia will be as seamless as it can be. That is why at InCorp, we always assign a single account manager as your point of contact for your every need.
Home Blog Accounting Services in Indonesia Accounting Services in Indonesia InCorp Editorial Team 28 February 2024 2 minute reading time Table of Contents Why Choose InCorp Indonesia as Your Accounting Outsourcing Provider? Accounting Services in Indonesia With InCorp Accounting in Indonesia: Workflow & Timeline Schedule Why Choose InCorp’s Accounting Services in Indonesia? Why Choose InCorp Indonesia as Your Accounting Outsourcing Provider? To ensure all businesses in Indonesia have good financial health, the government requires them to comply with financial and tax reporting obligations. However, operating in a country that is riddled with complex regulation, you will need assistance from accounting experts with an in-depth understanding of Indonesia’s financial reporting standards. Outsourcing accounting services company from a trusted and competent partner such as InCorp can lift your financial and tax reporting burdens, so you have the freedom to scale up your business operations. Outsource your accounting Accounting Services in Indonesia With InCorp Operating from five branches – Jakarta, Bali, Semarang, Surabaya, and Batam – InCorp Indonesia offers accounting services in Indonesia of the highest quality and accuracy. Our seasoned accounting staff, who are well-trained with local business knowledge, can provide you with a detailed report as well as objective checks and balances, which will help you improve compliance. Talk to our experts Accounting in Indonesia: Workflow & Timeline Schedule Why Choose InCorp’s Accounting Services in Indonesia? 1HIGH-QUALITY SERVICE We constantly provide high-quality service by seeking to understand your issues and needs. Our solutions are personalized for each and every business. 2EXPERIENCED TAX SPECIALISTS We are the best at what we do through years of professional experience. InCorp has a team of accounting staff and tax specialists that have the right skills to get the job done while meeting clients’ satisfaction. 3COMPLETE PACKAGE We do not do things halfheartedly. To ensure client satisfaction, we offer a complete package that includes accounting services, tax reporting services, and auditing services. 4TIME & COST-SAVING Save time and minimize costs as you outsource your accounting and tax operations. Your internal talent can focus on business strategies that will help grow your business.