Coretax Not Delayed, DJP Running Old System To Support Coretax
Based on Minister of Finance Regulation (PMK) No. 81 of 2024, the Directorate General of Taxes (DJP) ensures that the implementation of the latest tax administration system, Coretax, continues as planned. However, to address various technical challenges, DJP has decided to run the old system in parallel to support tax processes. This decision was made […]
Challenges for Foreign Investors: Navigating Coretax Registration
As with any major change, there are challenges, particularly for foreign investors. One of the main challenge is the Person in Charge (PIC)—the individual responsible for managing the company’s tax matters. For foreign investors, there’s a tricky requirement when it comes to the PIC: if your company’s PIC is a foreign national, they must have […]
Key Differences Between CoreTax and the Previous Tax System
Implementation CoreTax marks a significant shift in Indonesia’s tax system, aiming to enhance ease of use and data security for taxpayers. This integrated system also promises greater transparency in all tax processes. Here’s a breakdown of the primary differences between CoreTax and its predecessor: Service Integration CoreTax: Consolidates all tax administration services into a single […]
CoreTax 2025: What Every Business Owner in Indonesia Needs to Know Before It’s Too Late!
As 2025 approaches, the Indonesian government is rolling out CoreTax, a new centralized tax system that promises to revolutionize the way businesses handle their tax obligations. For business owners, this transition represents both an opportunity and a challenge. Here’s what you need to know to stay ahead of the curve and ensure your business is […]
The Risks of Owning a Villa in Bali Without PBG & SLF
Investing in a villa in Bali can be a highly rewarding decision, but failing to secure the necessary permits, such as PBG (Persetujuan Bangunan Gedung) and SLF (Sertifikat Laik Fungsi), can lead to serious legal and financial consequences. Without these essential approvals, your property may face government sanctions, operational restrictions, and a decline in market […]
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 […]
Due Diligence When Buying Property in Bali
FIND A GREAT LAND LOCATION OR A DREAM VILLA – PROPERTY When you decide to buy a property in Indonesia, due diligence is an important step to do. In property purchasing, due diligence is referring to reasonable measures to which all individuals must adapt before entering into real estate and real estate contracts. Due diligence […]