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 […]
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 […]
The Benefits of Applying for Investor KITAS in Indonesia
Investor KITAS is a stay permit that offers many benefits to investors who invest in a company in Indonesia and want to manage this company. Here are some benefits of Investor KITAS in Indonesia: Ease of application: The Investor KITAS is easier to obtain than other types of visas in Indonesia. Waiver of the work […]