The taxation of companies listed on the Indonesia Stock Exchange (IDX) is generally the same as that of private companies. Companies registered on the IDX are Domestic Corporate Taxpayers (WPDN Badan). Tax compliances attached to Domestic Corporate Taxpayers are Income Tax (PPh) and Value Added Tax (VAT). There are 3 (three) types of tax collection … Read more
DERIVATIVE The Perspective of the Financial Profession as a Response to Derivative Funding Instruments 01. ACCOUNTING FOR DERIVATIVES Derivatives are recorded at a fair value so a hedge accounting application is needed for the potential gain or loss that will occur. 02. AUDITING DERIVATIVE INSTRUMENTS Derivative instruments with characteristics such as underlying, initial net investment … Read more
Trademarks are intangible assets that are a vital part of business in a digital age of technology dominated by the role of social media and cross-border commerce. The market is filled with various trademark propagandas every day, both trademark market leaders and new players in every field. Companies need to make investments to create a … Read more
Indonesia is an investment destination country with competitive advantages such as abundant natural resources, a well-trained young workforce, and a large and growing domestic market. Competitive advantages are increasingly easily enjoyed by investors after the issuance of Law No. 11 of 2020 on Job Creation, which is intended to create a better investment climate and … Read more
INVISIBLE Management, Protection, Reporting, and Compliance Aspects of Invisible Assets 01. ACCOUNTING FOR INTANGIBLE ASSETS Intangible assets are beneficial in various aspects, both financial, taxation and accounting. Given the importance of these assets, it is necessary for accountants to pay attention in recognizing, measuring and recording intangible assets regulated by the government and contained in … Read more
Does your company perform domestic or cross-border transactions with your related party? If it does, then you must do the transaction in accordance with the arm’s length principle. Article 18 (3) of the Income Tax Law states that the Directorate General of Taxes (DGT) has the authority to recalculate the taxable income or deductible costs … Read more
MULTINATIONAL Multinational Companies Pass Through Investment Gateway Including Establishment, Compliance & Corporate Actions 01. FOREIGN INVESTMENT IN INDONESIA OSS is a platform managed by BKPM to simplify the business licensing process, including for foreign investors. Through this platform, companies register by fulfilling the requirements and obtaining various documents for the company’s establishment. 02. JOINT OPERATION … Read more
As a general business practice, the Company provides incentives to their customers who purchase its products for resale. Customers who purchase and resale the products are encouraged to achieve certain conditions for obtaining incentives. The form of incentives can be in money, payable reduction (rebates), in kind, and goods. Certain conditions that occur in a … Read more
The House of Representatives (DPR) decided on the addition of three provinces in Papua at the 36th plenary meeting on June 30, 2022. In this meeting, 3 draft laws (RUU) were passed, namely; the establishments of South Papua Province, Central Papua Province and Papua Mountains Province. Thus, the Republic of Indonesia officially has 37 provinces … Read more
LOYALTY PROGRAM Loyalty Program Creates Various Business Model and Responses in Professional Treatment 01. ACCOUNTING TREATMENT RELATED TO CUSTOMER LOYALTY PROGRAMS A company offers various incentive programs to bind customer loyalty. The accounting treatment for customer loyalty programs is described in the Accounting Standards on Revenue. 02. TAX TREATMENT RELATED TO CUSTOMER LOYALTY PROGRAMS The … Read more
Copyright © 2025 SW Indonesia
