New Foreign Companies: NPWP Registration Now Mandatory Through Coretax System
Coretax is an integrated tax administration system designed to automate and modernize Indonesia’s tax processes. Developed by the Directorate General of Taxes (DGT), it will facilitate various tax-related activities, including registration, reporting, and payment. By leveraging technology, Coretax aims to reduce manual errors, improve compliance rates, and ultimately increase the country’s tax revenue. NPWP (Taxpayer […]
Technical Issues in Indonesia’s New Taxation System (CORETAX)
One week into the launch, Indonesia’s new tax system (Coretax) is facing technical issues. The technical issues have caused some services such as NPWP registration and other tax services that must use the system still cannot be done. The DGT is conducting an in-depth investment to identify the cause of the technical problems. Director General […]
The risk behind the missing PBG & SLF for villa in Bali
If the building is completed but permits, such as PBG (Persetujuan Bangunan Gedung) and SLF (Sertifikat Laik Fungsi), are not yet in place, a number of legal, administrative and operational consequences can occur for your investment in Indonesia. Legal and Administrative Consequences You’ve invested a lot into owning a villa in Bali, but you risk […]
Understanding the Gross Revenue of Corporate Taxpayers
Bookkeeping or Financial Report – Based on KUP Law Article 28 Paragraph 1, Corporate Taxpayers in Indonesia are obliged to conduct bookkeeping. Bookkeeping is a recording process carried out regularly by collecting financial data and information covering assets, liabilities, capital, income, costs, as well as the amount of acquisition price and delivery of goods/services. The collected […]
Administrative Reports Required for Business Entities in Indonesia
Bookkeeping or Financial Report – Based on KUP Law Article 28 Paragraph 1, Corporate Taxpayers in Indonesia are obliged to conduct bookkeeping. Bookkeeping is a recording process carried out regularly by collecting financial data and information covering assets, liabilities, capital, income, costs, as well as the amount of acquisition price and delivery of goods/services. The collected […]
Why Foreigners Must Master Annual Tax Reporting in Indonesia.
Living or working as a foreigner in Indonesia entails a crucial responsibility: the annual filing of taxes through the Surat Pemberitahuan Pajak Tahunan (SPT). This requirement is more than just a bureaucratic formality; it represents a pivotal step in navigating the Indonesian tax landscape. Understanding the significance of SPT filing is paramount for foreigners, as […]
Limited Stay Permit (KITAS) Regulations Update 2023
KITAS Investor is a special type of residence permit designed for foreign investors who wish to establish or invest in business activities (PT PMA) in Indonesia. KITAS Investor is a visa created as one of the requirements for investment in Indonesia. In addition, this visa is specifically designed for investors who wish to conduct business […]