The battery-based electric motor vehicle industry (Battery Electric Vehicles – BEVs) in Indonesia is experiencing rapid growth alongside increasing awareness of environmental protection. Various regulations related to the battery-based electric motor vehicle industry demonstrate the Indonesian government’s support for new and renewable energy. Not only focusing on practical energy development, but also legal aspects ranging … Read more
Amid growing awareness of the need for sustainability, the circular economy has emerged as a pivotal approach to building eco-friendly economic systems. Unlike the traditional linear economic model—where goods are produced, used, and discarded—the circular economy offers innovative solutions by maximizing resource use and minimizing waste. It aims to eliminate waste entirely and promotes the … Read more
The Indonesian Tax Authority (ITA) has enacted a new regulation, Minister of Finance Regulation Number 8 of 2024 (PMK 8/2024), concerning Value Added Tax on the Delivery of Certain Four-Wheeled Battery Electric Vehicles and Certain Battery Electric Buses Covered by the Government. Additionally, ITA issued Minister of Finance Regulation Number 9 of 2024 (PMK 9/2024) … Read more
The Ministry of Finance of the Republic of Indonesia (Kementerian Keuangan Republik Indonesia: Kemenkeu RI) acts as the regulator for the Financial Profession in Indonesia. To oversee the financial profession, Kemenkeu RI established the Financial Profession Development Center (Pusat Pembinaan Profesi Keuangan: P2PK) accountable to the Kemenkeu RI‘s Secretary-General. P2PK’s responsibilities include coordinating and implementing … Read more
Business combinations often become corporate actions carried out by companies in maintaining business continuity. Business combinations that can be carried out are in the form of mergers, acquisitions, or consolidations. Merger means maintaining the existence of one entity and dissolving other entities. Acquisition means taking ownership of an entity and maintaining the operations of both … Read more
Overview In Indonesia, the audit is conducted in accordance with Standards on Auditing established by the Indonesian Institute of Certified Public Accountants (IAPI). In the accounting, goodwill refers to the intangible non-current asset that arises from the business combination when the amount paid for acquiring a company is more than the fair value of net … Read more
Many strategies are carried out by the Company to develop its business with the aim of maximizing profits. One way is to make an acquisition, it is a business strategy to take over ownership of another company, but the company is still standing alone or separate from the parent company. In general, the motivation for … Read more
Understanding Electronic Signature Authenticity: A Crucial Pillar in Indonesia’s Digital Era In the rapidly evolving digital era, traditional business practices such as paper signatures are gradually being replaced by electronic signatures. Not only do they simplify the process, but they also offer security and authenticity comparable to conventional signatures. What is an Electronic Signature? An … Read more
General Overview of GMS The General Meeting of Shareholders (GMS) holds unparalleled authority within the corporate structure. As one of the corporate organs, the GMS possesses powers not granted to the board of directors or the supervisory board within the limits established in Law Number 40 of 2007 concerning Limited Liability Companies (Undang-Undang Perseroan Terbatas: … Read more
In the era of rapid digital advancement, Artificial Intelligence (AI) has emerged as a game-changer across various industries, including the accounting profession. AI offers tremendous potential to enhance efficiency, accuracy, and productivity. However, the implementation of this technology also presents challenges that accountants must anticipate in order to remain relevant amid these advancements. One of … Read more
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