SOCIAL SECURITY . TAX RETURN . STOCK EXCHANGE
01. COMPLIANCE OF HEALTH AND EMPLOYMENT SECURITY
Every company in Indonesia is required to register all workers as member of the Social Security Administrative Body (BPJS), i.e. BPJS Employment and BPJS Health. For companies that do not register their employees to BPJS Employment and BPJS Health, they will be subject to administrative sanctions in the form of written reprimands, fines and/or not getting certain public services such as legal document issued.
02. COMPLIANCE OF TAX REGULATORY
Every company that is registered as taxpayer is obliged to comply with tax regulations, which issued by the Indonesian Tax Authorities (ITA). Related to reporting and record tax administration, a taxpayer – corporation and personal – must prepare and submit Monthly Tax Return and Annual Tax Return.
03. COMPLIANCE OF PUBLIC COMPANY REGULATORY
Every public company is required to submit financial reporting and annual report within timeline that is determined by Indonesia Stock Exchange (BEI) and Financial Service Authority (OJK). This regulation has been in place since a company conducted an IPO and as long as the company is still listed on the IDX.