English Language

Ministry of Finance Regulations No. 8 Year 2024

MINISTRY OF FINANCE REGULATIONS NO. 8 YEAR 2024 CONCERNING VALUE ADDED TAX ON DELIVERY OF CERTAIN FOUR-WHEELED BATTERY-BASED ELECTRIC VEHICLES AND CERTAIN BUS BATTERY-BASED ELECTRIC VEHICLES BORNE BY THE GOVERNMENT This regulation aims to continue government support to provide fiscal incentives in the form of Value Added Tax (VAT) for the delivery of certain four-wheeled … Read more

Tax Incentives in Indonesia

The government provides tax incentives in the form of Tax Holiday and Tax Allowance to Corporate Taxpayers (“Corporate Taxpayers”) with the aim of promoting investment activities, economic growth, and competitiveness. Additionally, tax incentives are intended to support commercial production preparation and protect domestic business activities, particularly the domestic industries. Tax Holiday Facility is provided to … Read more

Minister of Finance PMK 61 Year 2024

MINISTRY OF FINANCE REGULATIONS NO. 61 YEAR 2024 (PMK 61/2024) CONCERNING ADDITIONAL VALUE ADDED TAX INCENTIVES ON SUPPLIES OF LANDED HOUSES AND FLAT UNITS BORNE BY THE GOVERNMENT FOR THE 2024 FISCAL YEAR The Indonesian Government has implemented a policy for Value Added Tax (VAT) incentives borne by the Government on delivery of landed houses … Read more

IPO Readiness: Indonesia Capital Market Update

The Indonesia Stock Exchange (IDX) collaborated with SW Indonesia to inform the public about IPO Readiness. The collaborative seminar was successfully held on July 10, 2024, at the Main Hall of the Indonesia Stock Exchange Building, Jakarta. More than 150 attendees gained valuable insights into IPO Readiness from two keynote speakers and four expert speakers. … Read more

IPO Readiness: Independent Auditor’s Role

An Initial Public Offering (IPO) represents a pivotal moment for a company, namely transitioning from a privately held entity to one that is publicly traded. The complex of IPO process demands compliances to regulatory requirements and transparency standards to safeguard the interests of investors. which aim to protect investors’ interests. Capital market regulations require independent … Read more

Financial Reporting Set-Up

Compliance with tax and investment administration in Indonesia requires compliance with the preparation of financial statements according to the Financial Accounting Standards applicable in Indonesia. Currently there are 4 (four) Accounting Standards that are applicable in Indonesia:  For multinational companies and foreign direct investment, the commonly used accounting standard is the number 1 (one) mentioned … Read more

IPO Readiness: Legal Aspect

Law Number 8 of 1995 on the Capital Market (“UUPM”), Article 1, Point 15, states that an IPO is the activity of offering securities by an issuer to sell securities to the public based on procedures regulated in UUPM and its implementing regulations. Compliance with legal and regulatory requirements is a mandatory prerequisite for an … Read more

Set-up Human Resources

After completing the company establishment process, the founders must meet the needs of the workforce that match the operational needs. Along with this fulfillment, the company also needs to consider the rights and obligations that must be obtained and carried out by workers respectively. These rights and obligations can be seen in more detail in … Read more

Establishing Company in Indonesia

Indonesia is a developing country with promising potential for economic and business growth. Population, land area, median of age, and population distribution are vital indicators to measure the economic and business growth potential of a country. The Indonesian economy based on the size of the Gross Domestic Product (GDP) at current prices in the first … Read more

New Opportunities in the Accounting Profession: The Rise of Sustainable Finance

Traditionally, the profession of accounting has been closely tied to financial reporting, auditing, and tax services. However, with the increasing focus on sustainability and corporate responsibility, accountants now have new opportunities in the emerging field of sustainable finance. As businesses, investors, and regulators place greater emphasis on sustainability, accountants can play a pivotal role in … Read more