In the rapidly advancing digital era, Personal Data Protection (PDP) becomes crucial. The prevalence of data leak and personal data theft cases affecting various industries in Indonesia shows the need for enhanced personal data protection across sectors. The suboptimal governance and management of PDP have prompted the government to enact Law No. 27 of 2022 … Read more
ESG reporting—Environmental, Social, and Governance—is more than just a corporate responsibility checklist; it is a framework that drives transparency, accountability, and sustainable growth. As ESG practices become increasingly critical in global business landscapes, a key question arises: who truly benefits from ESG reporting? Investors are among the primary beneficiaries of ESG reporting. The investment community … Read more
DIRECTOR GENERAL OF TAX REGULATION NUMBER PER-1/PJ/2025 CONCERNING TECHNICAL INSTRUCTIONS FOR THE ISSUANCE OF TAX INVOICE IN THE CONTEXT OF THE IMPLEMENTATION OF THE MINISTER OF FINANCE REGULATION NUMBER 131 OF 2024 This regulation serves as a technical guideline for the issuance of Tax Invoices (“FP”) to provide legal certainty and ease for Taxable Entrepreneurs … Read more
MINISTRY OF FINANCE REGULATIONS NO. 131 YEAR 2024 (PMK 131/2024) CONCERNING THE TREATMENT OF VALUE ADDED TAX ON IMPORT OF TAXABLE GOODS, DELIVERY OF TAXABLE GOODS, DELIVERY OF TAXABLE SERVICES, UTILIZATION OF INTANGIBLE TAXABLE GOODS FROM OUTSIDE THE CUSTOMS AREA WITHIN THE CUSTOMS AREA, AND UTILIZATION OF TAXABLE SERVICES FROM OUTSIDE THE CUSTOMS AREA WITHIN … Read more
The Initial Public Offering (IPO) in 2023 has set a new record in history. In Indonesia, 2023 witnessed as many as 79 companies going public, raising a total of IDR 54.14 trillion. This achievement marks a significant increase compared to 2022, which saw 59 issuers raising IDR 33.06 trillion, translating to a growth of 34% … Read more
The economic growth in Indonesia is closely linked to changes in technology, social and cultural aspects, and other factors, thereby directly affecting consumer purchasing power. To increase profits, businesses compete to boost sales by offering various sales incentives to attract consumers. Customer loyalty programs are one method companies use to maintain relationships with consumers, aiming … Read more
Indonesia is actively navigating the digital transformation landscape, focusing on the utilization of Artificial Intelligence (AI) and digitalization. This focus on AI and digitalization is believed to solidify the Republic of Indonesia’s position as a technology leader in Southeast Asia. Although Singapore’s significant investment of US$743 million in AI projects serves as a regional aspiration … Read more
The Indonesian Tax Authority (ITA) provides various tax incentives to support companies going public. One of the tax incentives is a corporate income tax (CIT) rate for publicly listed companies (Tbk) set at 19 percent, which is 3 percent lower than the standard rate of 22 percent. This policy is outlined in Law No. 7 … Read more
REGULATION OF THE MINISTRY OF DIRECTOR GENERAL OF TAXES NUMBER PER – 2/PJ/2024 REGARDING FORM AND PROCEDURES FOR PROVIDING PROOF OF WITHHOLDING INCOME TAX ARTICLE 21 AND/OR ARTICLE 26 AS WELL AS THE FORM, CONTENTS, PROCEDURES FOR COMPLETING, AND PROCEDURES FOR SUBMISSION OF THE INCOME TAX RETURN OF ARTICLE 21 AND/OR ARTICLE 26 In connection … Read more
INVESTMENT. A term that involves spending a certain amount of money now to earn more in the future. But who first introduced this concept of investment? According to Warren Buffett, currently the world’s most successful stock investor, the basic mathematics of investment was first introduced by an ancient Greek storyteller named Aesop, who lived around … Read more
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