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Tag: Accounting in Indonesia

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...

Preparing for Indonesia’s 2027 Financial Reporting Changes

Indonesia will begin mandatory use of its new centralized financial reporting platform, the Platform Bersama Pelaporan Keuangan (PBPK), for...

Outsourced Accounting for Indonesian Subsidiaries of Foreign Groups

Foreign groups can outsource the accounting of their Indonesian subsidiaries, but the arrangement needs to support both the subsidiary's...

Changing Accounting Providers in Indonesia: What Foreign Companies Need to Consider

Foreign-owned companies can change accounting providers in Indonesia, but the handover needs a clear cut-off between the outgoing and...

Accounting Support After Establishing a PT PMA in Indonesia

Once a PT PMA has been established in Indonesia, its accounting process needs to be ready when the company...

Statutory Annual Report Requirements in Indonesia: What Foreign-Owned Companies Must Prepare

Indonesian limited liability companies, including foreign-owned PT PMAs, must prepare a statutory Annual Report (laporan tahunan) for each financial...

What Foreign Shareholders Should Expect from Indonesian Financial Reporting

Foreign shareholders in an Indonesian company should expect annual financial statements prepared under Indonesian accounting requirements and, where the...

Foreign Exchange Gains and Losses in Indonesia: Accounting and Tax Treatment

Foreign exchange gains and losses can affect both the financial statements and taxable income of companies operating in Indonesia....

Accounting Services in Indonesia for Foreign Companies

Accounting services in Indonesia can cover the ongoing recording, reconciliation, closing, and financial reporting required by a foreign-owned company....

Designing Accounting Systems for Multi-Currency Transactions in Indonesia

Foreign-owned companies in Indonesia that transact in USD, EUR, CNY, SGD, or other currencies need an accounting system that...

Managing Dividend Distribution and Retained Earnings in Indonesia for Foreign Investors

Foreign shareholders of an Indonesian PT PMA cannot treat accounting profit as automatically available for distribution. The amount that...