Inside the 2025 Common Reporting Standard (CRS) Amendments
In October 2025, the Directorate General of Taxes (DGT) issued Announcement Number PENG-3/PJ/2025 regarding the implementation of amendments to the Common Reporting Standard (CRS), as part of efforts to improve access to financial information for tax...
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Technical Assistance Tax Management: Indonesia-Japan Transactions
The Ministry of Trade reported that in the first half of 2025, trade between Indonesia and Japan ranked fourth among Indonesia’s largest trading partners after China, the United States, and India. During this period, Indonesia’s exports to Japan reac...
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Tax Implications of Yuan-Denominated (Dim Sum) Bonds in Indonesia
In October 2025, the Indonesian government officially issued yuan-denominated bonds, commonly known as dim sum bonds. This is a noteworthy milestone in the country’s efforts to diversify funding sources. But how are these bonds treated for tax purpos...
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Government-Borne VAT for Domestic Flights (PMK Number 71 of 2025)
As the year draws to a close, domestic mobility in Indonesia typically surges, especially during the Christmas and New Year holidays. To maintain household purchasing power and stimulate the economy, the government has issued Minister of Finance Regu...
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Financial Statements for Tax Purposes
Under Indonesian tax law, financial statements are an inseparable part of the annual tax return, especially for corporate taxpayers. Without proper financial statements, a tax return may be deemed incomplete and considered not filed. Therefore, under...
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VAT Centralization Procedure
The government is setting up the necessary facilities and infrastructure ahead of the core tax system implementation in 2025. One of the key steps taken in early September 2024 was the reaffirmation of the use of the National Identification Number (N...
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Check Out The Complete Guide to Tax Refunds in Indonesia
Jakarta, Ideatax -- Check out the complete guide to tax refunds in Indonesia. Paying taxes is not just an obligation, but also a form of positive contribution that can advance the country. It cannot be denied that paying taxes is the primary obligati...
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Taxation Aspects of Joint Operation/ Joint Venture
Jakarta, Ideatax -- Nowadays, the term 'Joint Operation' is something we are all familiar with. Investopedia (2023), defines Joint Operation as a business arrangement in which two or more parties agree to combine their resources for the purpo...
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Everything You Need to Know about Tax Return Status
Ideatax, Jakarta -- The deadline for filing the Annual Individual Income Tax Return or Surat Pemberitahuan Tahunan (SPT) for fiscal year 2022 has just ended. Based on the report of Directorate General of Taxes (hereinafter referred to as DGT), it is ...
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Tax Holiday in the Development of the New State Capital
Ideatax, Jakarta -- Recently, the Government Regulation Number 12 of 2023 concerning the Granting of Business Permits, Ease of Doing Business, and Investment Incentives to Entrepreneurs in Capital of Nusantara was issued. In its consideration, it is ...
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Delving into Crypto Tax: A Perspective
Jakarta, Ideatax -- One time, the Commodity Futures Trading Regulatory Agency or Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) stated that until August 2022 there were already 16.1 million crypto currency investors in Indonesia. On average...
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Welcoming the New Age of Dividend Tax
Jakarta, Ideatax -- Recently, the Government Regulation or Peraturan Pemerintah (PP) Number 55 of 2022 concerning Adjustment of Income Tax Rules was issued. Among many of the new rules in the regulation—which are derivative rules from the Tax H...
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Obligations Post Voluntary Disclosure Program
Ideatax, Jakarta -- The Voluntary Disclosure Program ended in mid-2022. Based on the official release from the Ministry of Finance, it was revealed that 247,918 taxpayers participated in VDP policies I and II, resulting in 308,059 issued Certifi...
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Provisions and Aspects of Corporate Liquidation Taxation
In general, liquidation can be defined as the process of closing a business, where its assets are sold to meet its liabilities (Cambridge, 2023). In Indonesia, the process of company liquidation is regulated under Law Number 40 of 2007 concerning Lim...
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