Home » Insights

SW NIHAO Newsletter E.11 – March 2023

COMPLIANCE SOCIAL SECURITY . TAX RETURN . STOCK EXCHANGE 01. COMPLIANCE OF HEALTH AND EMPLOYMENT SECURITY Every company in Indonesia is required to register all workers as member of the Social Security Administrative Body (BPJS), i.e. BPJS Employment and BPJS Health. For companies that do not register their employees to BPJS Employment and BPJS Health, … Read more

Accounting for E-Commerce

E-Commerce has become a locomotive for changes in the global business environment, which has sparked responses from various supporting infrastructure, including the accounting profession. The e-commerce business has several challenges and accounting considerations that many business people and their accountants are not aware of when they are still in their initial stage. Bookkeeping and accounting … Read more

VAT on E-Commerce

The development of digital technology has created an ecosystem for e-commerce which demonstrates cross-border business transactions, including the sale and purchase of Taxable Goods (BKP) and Taxable Services (JKP). Business entities that have been confirmed as Taxable Businessman (PKP) in Indonesia are bound by Value Added Tax (PPN) regulations for the transfer of BKP and/or … Read more

IPO of E-Commerce Sector

In the last two years, the Indonesia Stock Exchange (IDX) made history because it has emitent that organize e-commerce. In 2021, PT, Tbk. (BUKA) conducted an initial public offering (IPO) and managed to reap IDR 21.9 trillion Rupiah. Meanwhile, in 2022, two e-commerce companies who had successful IPOs, namely are PT GoTo Gojek Tokopedia … Read more

Prospect of E-Commerce

Technology directs the civilization of global society towards practical goals and has a central role in supporting human activities in all fields. The development of information technology into digital technology influences individuals’ daily activities. Technology provides various conveniences and solutions in everyday life including communications, access to information, trading, completing tasks and transactions. One activity … Read more

SW NIHAO Newsletter E.10 – February 2023

E-COMMERCE Business Environment of Online Trading Transactions 01. ACCOUNTING FOR E-COMMERCE E-commerce drives responses from accounting profession. 02. VAT ON E-COMMERCE Newest update in Value Added Tax regulation on e-commerce business. 03. IPO OF E-COMMERCE SECTOR IPO is a rational action for companies in e-commerce sector. 04. PROSPECT OF E-COMMERCE Prospect and contributions e-commerce to … Read more

Infrastructure Project and Its Accounting Treatment

Market Overview The market is segmented by the infrastructure segment (Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, Manufacturing Infrastructure). The infrastructure sector in Indonesia is estimated to grow at a CAGR of approximately 3% during the forecast period. Indonesia’s government increased its infrastructure investment needs by USD 429.7 billion in 2020-2024, up 20% from USD 359.2 … Read more

Audit Development of the Financial Statements of Infrastructure Companies

Infrastructure is defined as the basic facilities, whether physical or social, of a particular community or area needed for community or organizational activities. In this article, infrastructure includes roads and railroads, airports, wharves, ports and irrigation canals; as well as infrastructure related to public utility functions, such as the availability of clean water along with … Read more

Tax Cases for Infrastructure Projects

Infrastructure development is the government’s capital sector to achieve more equitable economic growth. Infrastructure is used as one of the benchmarks of a country’s development. From time to time, the infrastructure built by the government is increasing. Taxes have an essential role because taxes are a source of state revenue to finance state spending, including … Read more

Infrastructure IKN Becomes Attraction of Investment in Indonesia

Infrastructure of Ibu Kota Nusantara (IKN) becomes attraction of investment in Indonesia. IKN is known as Nusantara. The Indonesian government is presenting Nusantara designs to people in the country and abroad to invite them to invest in IKN Nusantara. Before the G20 Summit (KTT) took place, member countries had planned to invest in IKN Nusantara, … Read more