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Tax & Accounting

Can You Correct a Tax Assessment in Indonesia Without Filing an Objection?

An incorrect Indonesian tax assessment does not always require a formal objection. Certain errors can be corrected through a separate procedure with the Directorate...

Indonesia’s 0.5% Marketplace Income Tax: What Foreign-Owned Businesses Need to Know

Indonesia began collecting income tax (PPh Article 22) from domestic sellers through designated online marketplaces on October 1, 2026. Appointed marketplace operators collect income...

Indonesian Tax Consequences of Selling Shares in a PT PMA

Foreign investors selling shares in an Indonesian foreign-owned company (PT PMA) may be subject to Indonesian income tax, even...

How Can Audit Issues Affect M&A and Corporate Transactions in Indonesia?

Audit issues can affect the valuation, negotiation, and completion of mergers and acquisitions (M&A) and other corporate transactions in...

Accounting Treatment of Intercompany Transactions in Indonesia

Foreign-owned companies in Indonesia frequently transact with their parent companies, regional headquarters, and other group entities through service charges,...

What Currency Should a Foreign-Owned Company Use for Bookkeeping in Indonesia?

A foreign-owned company in Indonesia generally keeps its bookkeeping in Indonesian rupiah (IDR). However, a foreign-owned limited liability company...

How Much Can a Tax Dispute Cost a Company in Indonesia?

A tax dispute in Indonesia can add significant costs to the tax being disputed. If a company loses, penalties...

How Should Companies Handle Audit Misstatements in Indonesia?

When an external auditor finds an error in an Indonesian company’s financial statements, management must determine whether it needs...