Loyalty Program Creates Various Business Model and Responses in Professional Treatment
01. ACCOUNTING TREATMENT RELATED TO CUSTOMER LOYALTY PROGRAMS
A company offers various incentive programs to bind customer loyalty. The accounting treatment for customer loyalty programs is described in the Accounting Standards on Revenue.
02. TAX TREATMENT RELATED TO CUSTOMER LOYALTY PROGRAMS
The tax treatment of customer loyalty programs is linked to income tax from gifts and Value Added Tax. Incentives for buyers in the regulations discussed in the term of cash, rebates, in kind and goods.
03. LOYALTY ENHANCEMENT – ONE OF THE BENEFITS OF IPO EXECUTION BY THE COMPANY
One of the benefits of an IPO is to increase the loyalty of internal and external parties. Internal parties include BOC, BOD, key management and employees. While external includes suppliers, customers and relations.
04. NOW INDONESIA OFFICIALLY HAS 37 PROVINCES
Now Indonesia has 37 provinces. This means that there are 3 additional provinces that support economic development throughout the archipelago.