English Language Archives | Page 4 Of 17

Generative Artificial Intelligence: Business Optimization Solution

Generative Artificial Intelligence (GenAI) plays a significant role as a solution for business optimization in the era of digital transformation. In business, GenAI enhances operational efficiency and supports data-driven decision-making. This technology works synergistically with analytics to transform data into easily understandable insights. Its implementation covers various financial processes such as Record to Report (R2R), … Read more

Banking CKPN: Validation of Calculation Methodology by an Independent Party

Validation of the Expected Credit Loss (ECL) model is essential to ensure compliance with regulations such as POJK, PSAK, IFRS 9, and Basel II and III. This process not only supports regulatory compliance but also enhances credibility, governance, and investor confidence. The validation approach combines qualitative and quantitative assessments covering data inputs, model design, and … Read more

Bank Liquidity Adequacy: The Internal Liquidity Adequacy Assessment Process

ILAAP complements regulatory ratios such as LCR and NSFR with a more comprehensive risk-based internal approach. Its implementation is phased according to bank categories, aiming to ensure liquidity resilience under both normal and stress conditions. ILAAP emphasizes alignment between risk profile, business strategy, and strong governance. It also introduces new liquidity risk metrics, enhanced stress … Read more

IPO Readiness: Business Transformation Towards a Public Company

IPO provides broader access to funding, enhances credibility, and promotes the implementation of good corporate governance. However, the process requires comprehensive preparation, including financial, legal, operational, and investor communication aspects. The IPO journey consists of strategic planning, internal preparation, transaction execution, and post-IPO obligations. Each phase requires careful planning and professional support. The implementation of … Read more

Islamic Bank: Impairment of Sharia Financial Accounting

The implementation of PSAK 413 aims to ensure more accurate and transparent asset valuation in the financial statements of Islamic entities. PSAK 413 complements previous standards such as PSAK 109, PSAK 402, as well as ISAK 401 and ISAK 402. The development of this standard is part of efforts to strengthen the accounting framework for … Read more

Coretax Administration System (CTAS)

The digital transformation of Indonesia’s tax system enters a new phase with the implementation of the Coretax Administration System (CTAS), an integrated platform designed to enhance efficiency, transparency, and accountability in tax administration. CTAS unifies registration, payment, and reporting into a single digital ecosystem, featuring real-time ledgers, a tax deposit system, data automation, and access rights management. The … Read more

Changes to the Individual Annual Tax Return Reporting System through CTAS

  The implementation of the Coretax Administration System (CTAS) marks a major shift in Annual Tax Return (SPT) reporting for Individual Taxpayers (WPOP) starting in 2026. This digital system strengthens transparency, data accuracy, and taxpayer independence through integrated services and real-time recording. Key changes include the use of the National Identity Number (NIK) as the tax identity, … Read more

Changes to the Annual Tax Return Reporting System through CTAS

The implementation of the Coretax Administration System (CTAS) introduces a significant transformation in the corporate annual tax return (SPT Tahunan Badan) filing mechanism in Indonesia starting from Fiscal Year 2025. This article reviews the transition from DJP Online to the more integrated, automated, and transparent CTAS platform, highlighting changes in data entry processes and SPT attachments. Key … Read more

Transfer Pricing Documentation – New Paradigm

The implementation of Minister of Finance Regulation (PMK) No. 172 of 2023 introduces a new paradigm in preparing Transfer Pricing Documentation (TP Doc), aligned with the digital transformation of tax administration through CTAS. The regulation emphasizes that transfer pricing must be determined at the outset of a transaction (ex-ante), with separate testing for each type of affiliated transaction. … Read more

Global Minimum Tax – New Assessment

The implementation of the Global Minimum Tax through PMK 136 of 2024 marks a fundamental shift in Indonesia’s international tax regime. The regulation adopts the Global Anti-Base Erosion Rules (GloBE) as a response to profit shifting and jurisdictional arbitrage conducted by multinational enterprises. A new assessment concept is introduced by reassessing the effective tax rate on a … Read more

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