Enriching Understanding: Unveiling the Dynamics of Corporate Income Tax Calculation
Income Tax (PPh) is a tax imposed on Tax Subjects on Income received or earned in the tax year. Tax subjects based on Article 2 of the law (UU PPh) include individuals, undivided inheritance as a unit to replace those entitled to, entities, and permanent establishments. Income in question is any additional economic capability received … Read more
Sustainable Finance: Pioneering a Resilient Future
Sustainable Finance can be defined as the overall support of the financial services industry for sustainable growth, resulting from the alignment of economic, social, and environmental interests. The banking sector began to initiate to cultivate “Green Banking” related to this definition in contributing to the realization of Sustainable Finance. This concept was developed by the Financial … Read more
Strategic Compliance: A Guide to Effective Country-by-Country Reporting (CbCR)
Director General of Taxes has issued regulation No. 29/PJ/2017 dated 29 December 2017 (PER 29) regarding management procedures of Country-by-Country Report (CbCR) which is further provisions of regulation of Minister of Finance No. 213/PMK.03/2016 dated 30 December 2016 (PMK-213). Submission of Notification (notification submitted by Taxpayer to the Directorate General of Taxes stating that the … Read more
Revolutionary Strategies for VAT Calculation on Agriculture Goods: Expanding Profit Margins with Alternative Tax Base (Regulation No. 89/PMK.010/2020)
Other Value as Tax Base for Certain Agriculture Goods Brief Explanation Further Outline ART. 5(2) VAT taxable who uses other value as tax base should issue tax invoice or other document equivalent with tax invoice ART. 6(2) Industrial company is appointed as VAT collector for deliveries of goods, that use other value as tax base … Read more
