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 Investment in Infrastructure Projects and its Compliance 01. INFRASTRUCTURE PROJECT AND ITS ACCOUNTING TREATMENT Companies engage into infrastructure projects must comply with certain statutory requirement specifically on the applicable accounting standard. Infrastructure projects is covered under the new accounting standard “PSAK 72 Revenue from Contracts with Customers”. 02. AUDIT DEVELOPMENT OF THE FINANCIAL STATEMENT … Read more
Agriculture in Indonesia is one of the key sectors within the Indonesian economy. Currently, approximately 30% (thirty percent) of Indonesia’s land area is used for agriculture. The agricultural sector of Indonesia consists of large plantations, either owned by state or private companies, and small-holder production modes, mostly family owned and run by traditional agricultural households. … Read more
Indonesia has a lot of attractive land for oil palm plantation business. The characteristics of palm oil produce a smooth and soft oil; free from trans fats; to oils that have no taste and smell. As an industry, Indonesia has palm oil plantations tax authorities. Taxes imposed on oil palm plantations are Land and Building … Read more
PLANTATION Investment, Reporting, Auditing and Taxation in Agriculture Industry 01. AGRICULTURAL ACCOUNTING PSAK 69 stipulates that biological assets or agricultural products are recognized when they meet several of the same criteria as the criteria for asset recognition. 02. AUDIT OF AGRICULTURE COMPANIES When conducting audit of agricultural companies, auditors are expected to exercise a high … Read more
In order to increase Indonesia’s sustainable economic growth and support the acceleration of economic recovery, and optimizing state revenues to finance national development independently towards fair Indonesian society, affluent and prosperous, it takes various efforts from the Government to make adjustments to fiscal policy. The ratification of the Law on the Harmonization of Tax Regulations … Read more
Increasing in the number and use of complex derivative instruments and securities, coupled with the sometimes equally complex accounting guidance, have resulted in changes in the approaches to auditing the financial statements of many entities. For example, evaluating derivative instruments audit evidence related to assertions, frequently requires the use of considerable judgment, particularly for valuation … Read more
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
Copyright © 2025 SW Indonesia
