The Indonesian Tax Authority has regulated the tax treatment of trade transactions through an electronic system (e-commerce). The regulation is stipulated in PMK No.210/PMK.010/2018 and is effective on April 1, 2019. In the regulation, the law of tax treatment on e-commerce includes Value Added Tax, Sales Tax on Luxury Goods, Income Tax on transactions within … Read more
The Indonesian Institute of Certified Public Accountants (IAPI) has established and ratified Auditing Standard (SA) 701 (2021) regarding “Communicating Key Audit Matters in Independent Auditors’ Reports.” The SA is effective for audits of financial statements for periods beginning on or after January 1, 2022. The purpose of communicating Key Audit Matters is to increase the … Read more
SW Indonesia is holding the SW PAINTING FESTIVAL 2022 with the theme “Astungkara, Rise up with Bali.” This event featured paintings by Balinese painters, namely Nyoman Sujana Kenyem, I Wayan Suastama, Ketut Sugantika Lekung, Teja Astawa Ketut and Made Wiradana. The works shown are original works of painting on canvas. By organizing this event, SW … Read more
TRANSFORMATION HUB SW Indonesia Highlights Things That Respond to Transformation in the Business Environment 01. IPO AS A FUNDING TREND FOR DIGITAL BUSINESS COMPANIES IPO is a way of corporate funding in which a private company makes an initial public offering. IPOs are considered a funding solution because IPOs allow companies to obtain large amounts … Read more
30th of June is often the deadline for submitting the Audited Financial Statements of the companies that have bank loans in Indonesia. Although there are no written and uniform rules, SW Indonesia has bank debtor clients who are directed to this deadline. Banks use Audited Financial Statements as a source of information related to credit … Read more
The deadline for participating in the Volunteer Disclosure Program (PPS) or widely referred to as Tax Amnesty II is June 30, 2022. This program starts on January 1, 2022, referring to Law Number 7 of 2021 concerning the Harmonization of Tax Regulations (“UU HPP”) which was passed on October 29, 2021. The Indonesian tax authorities … Read more
LAST CALL REMINDER SW Indonesia Reminds Important Dates of Reports and Program Submission in Indonesia 01. LAST CALL: KPPK Report – Offshore Borrowings KPPK report is a report containing information which is the result of an assessment by an independent public accountant and has been examined based on the Attestation Procedure.The KPPK report based on … Read more
Changes in Final Income Tax on Construction Services Construction services are among one of the type of businesses or activities that are very much needed in supporting the development of the Government or private facilities and infrastructures that have a very important role in supporting economic and social activities in national development. In order to … Read more
Adjustment of Value Added Tax (VAT) Policy in the Law on Harmonization of Tax Regulations. 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 … Read more
ALL ABOUT NEW All This Month Articles Present What Is New In Indonesia Tax Regulation And SW Indonesia 01. New Rate 2022 of Final Corporate Income Tax (CIT) on Construction Company Government Regulation (PP) Number 9 of 2022 is a new regulation issued by the government to improve a more conducive construction business climate. 02. … Read more
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