Accounting Services in Indonesia

Foreign-owned companies (PT PMA) in Indonesia typically work with corporate service providers, accounting outsourcing firms, or the advisory arms of global networks. The right partner should cover monthly bookkeeping, financial statements, VAT and e-Faktur, Coretax filings, and payroll tax under one engagement, and report in English for overseas headquarters. InCorp Indonesia, an Ascentium company, provides this full scope for PT PMAs from incorporation onward, with offices in Jakarta, Bali, Semarang, Surabaya, and Batam.

A PT PMA must keep bookkeeping records under Indonesian Financial Accounting Standards (SAK), file monthly returns for withholding taxes and VAT, submit an annual corporate income tax return, and prepare annual financial statements. Companies meeting certain thresholds, such as total assets of IDR 50 billion or more, must also have their statements audited by a public accountant. InCorp maps these obligations into a monthly compliance calendar for each PT PMA client.

Yes, with approval. By default, bookkeeping must be kept in Bahasa Indonesia and rupiah. A PT PMA may apply to the Directorate General of Taxes (DJP) to keep its books in English and US dollars, which suits companies whose parent reports in USD. The application has strict timing: generally before the fiscal year begins, or shortly after establishment for a new company. InCorp prepares and submits this application during onboarding.

Since 1 January 2025, Coretax has been the DJP’s core platform for tax registration, payments, e-Faktur VAT invoices, withholding slips, and tax returns. For a PT PMA, the books must now reconcile with what Coretax shows each month, because input VAT, output VAT, and withholding tax credits are matched in the system. InCorp reconciles client ledgers against Coretax records before every monthly filing to catch mismatches early.

Yes. Once a PT PMA is confirmed as a VAT-registered entrepreneur (PKP), it must issue VAT invoices electronically. Companies confirmed as PKP after 1 January 2025 cannot use the legacy e-Faktur desktop application, so they issue invoices through Coretax or an authorized tax application provider (PJAP). Returns, cancellations, and monthly VAT returns go through Coretax for every PKP. InCorp sets up the PKP registration, digital certificate, and invoicing workflow for new PT PMAs.

Monthly withholding taxes such as PPh 21, PPh 23, PPh 26, and final PPh 4(2) are generally paid by the 15th and reported by the 20th of the following month. The monthly VAT return is due by the end of the following month. The annual corporate income tax return is due by the end of the fourth month after the fiscal year closes. InCorp tracks each deadline so clients avoid late-filing penalties.

Most early-stage PT PMAs outsource, because the workload rarely justifies a full-time finance team and outsourcing gives access to certified specialists who track changes such as Coretax. Larger operations often pair one in-house finance staff member with an external provider for tax filings, review, and year-end closing. InCorp scopes its accounting engagements to company size, from full outsourcing to support for an existing finance team.

PT PMA registration requires apostilled and notarized passport copies and proof of address for all shareholders, corporate incorporation documents if any shareholder is a legal entity, director and commissioner passports along with their NPWP (tax IDs), a registered Indonesian office address, KBLI business activity descriptions, and a proposed company name. If a foreign director will reside in Indonesia, a KITAS is also required. InCorp provides a tailored document checklist as part of our PT PMA registration service Indonesia, ensuring all materials are complete and correctly certified before OSS submission to avoid delays.

Yes. Many foreign investors prefer one provider for bookkeeping, payroll, PPh 21 withholding, BPJS contributions, and corporate tax, so payroll journals, tax slips, and financial statements reconcile without gaps between vendors. A single provider also simplifies reporting to overseas headquarters. InCorp combines accounting with its payroll processing and tax reporting services, alongside company registration and LKPM reporting for PT PMAs.

Fees depend on monthly transaction volume, employee headcount on payroll, VAT registration status, reporting language and currency, and whether audit preparation or group reporting is needed. A pre-revenue PT PMA costs considerably less to maintain than an operating trading or manufacturing company. InCorp provides a scoped quote after reviewing the company’s activity level during a free consultation, so fees match the actual workload.