Insights Archives | Page 3 Of 51

REPRESENTATIVE OFFICE IN INDONESIA: A STRATEGIC GATEWAY TO TEST THE MARKET, ENSURE COMPLIANCE, AND PREPARE FOR INVESTMENT

Indonesia: A Large Market That Requires the Right Market Entry Strategy Indonesia continues to offer an increasingly attractive investment landscape, supported by its large domestic market, downstream industrialization agenda, rapidly growing digital economy, and sustained demand for financing and advanced technology. However, these opportunities are accompanied by the need to understand Indonesia’s licensing framework, business … Read more

GUIDELINES FOR THE PREPARATION OF TRANSFER PRICING DOCUMENTATION (TP DOC) BASED ON PMK 172 OF 2023

Transfer Pricing Documentation (TP Doc) is one of the tax administration obligations for Taxpayers who conduct transactions with related parties. The preparation of TP Doc aims to demonstrate that the applied transfer pricing complies with the Arm’s Length Principle (ALP), ensuring that affiliate transactions are conducted as if they were transactions between independent parties. With … Read more

PSAK 118 (IFRS 18): Business and Investment Implications

PSAK 118 (IFRS 18) introduces significant changes in the presentation of the statement of profit or loss in a more structured and transparent way. The standard improves comparability and the quality of information for investors and stakeholders. Key changes include classification of income and expenses and more consistent subtotals. Its implementation affects how companies communicate … Read more

PSAK 118 (IFRS 18): Presentation and Disclosure in Financial Statements

PSAK 118 is an accounting standard designed to enhance the quality, transparency, and comparability of financial statements through a more structured presentation and disclosure framework. The standard requires classification of income and expenses into operating, investing, financing, tax, and discontinued operations categories, along with consistent presentation of key performance subtotals. It also strengthens aggregation and … Read more

PSAK 118 (IFRS 18): Implementation for Investment and Retail Banks

PSAK 118, effective 1 January 2027, replaces PSAK 201 and restructures financial statement presentation. It classifies income and expenses into operating, investing, financing, tax, and discontinued operations categories. The standard requires consistent subtotals to improve comparability across entities. It also introduces Management-Defined Performance Measures (MPM) disclosures for transparency. Its implementation affects all industries, including investment … Read more

PSAK 118 (IFRS 18): Implementation on Insurers

The evolution of financial reporting in the Indonesian insurance industry continues with the introduction of PSAK 118 (IFRS 18), effective from 1 January 2027 as a new standard on financial statement presentation and disclosure. Unlike PSAK 117, which focuses on insurance contract measurement, PSAK 118 emphasizes how financial performance is presented and communicated to users … Read more

PSAK 118 (IFRS 18): The Assistance of Independent Advisors

The implementation of PSAK 118 (IFRS 18 adoption) introduces a significant transformation in financial reporting architecture that goes beyond technical requirements, fundamentally influencing how corporate performance is communicated to stakeholders. For complex organizations such as state-owned enterprises and large business groups, the standard creates challenges in classifying operating, investing, and financing activities, as well as … Read more

REGULATION OF THE MINISTER OF TRADE NO. 19 OF 2026 INTRODUCES NEW OBLIGATIONS FOR DIGITAL PLATFORMS, INCLUDING FEE TRANSPARENCY, PRIORITIZATION OF DOMESTIC PRODUCTS, AND AI LABELING REQUIREMENTS

The Minister of Trade has issued Minister of Trade Regulation Number 19 of 2026 on the Implementation of Trade Business Through Electronic Systems (“MOT Regulation 19/2026”), which came into effect on 8 June 2026. This regulation simultaneously revokes the Regulation of the Minister of Trade Number 31 of 2023, which previously governed the same sector. … Read more

DIRECTOR GENERAL OF TAXES REGULATION NUMBER PER-6/PJ/2026 ON PROCEDURES FOR THE EXERCISE OF RIGHTS AND THE FULFILLMENT OF OBLIGATIONS RELATING TO THE GLOBAL MINIMUM TAX BASED ON AN INTERNATIONAL AGREEMENT

The Director General of Taxes Regulation regarding the Global Minimum Tax (Global Anti-Base Erosion Rules/GloBE) is an implementation of the OECD/G20 Inclusive Framework on BEPS agreement to ensure that multinational enterprise groups (MNE Groups) are subject to a global minimum tax. This regulation governs various aspects, ranging from the determination of GloBE taxpayer status, reporting, … Read more

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