Tax Incentives for Mergers and Acquisitions
Source: IMAA, 2026 Mergers and acquisitions (M&A) are a widely used corporate strategy to expand operations, improve efficiency, and enhance competitiveness. According to the Institute for Mergers, Acquisitions, and Alliances (IMAA), Indones...
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Tax Brief: Fourth Amendment to Coretax Provisions
Tax provisions governing the implementation of Coretax have once again been amended. The government has officially issued Minister of Finance Regulation (Peraturan Menteri Keuangan/PMK) Number 1 of 2026 concerning the Fourth Amendment to PMK Number 8...
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Reformulating Article 21 Withholding Tax
As of now, 186 out of 416 regencies and cities have set their 2026 regency minimum wages (upah minimum kabupaten/UMK). According to the Ministry of Manpower's preliminary recap, the average UMK for 2026 stands at IDR 3.4 million per month. The highes...
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Article 21 Withholding Tax Incentives for 2026
The government anticipates that 2026 will remain a challenging year marked by heightened uncertainty. Ongoing geopolitical tensions, domestic security concerns, and Indonesia’s exposure to natural disasters continue to weigh on economic growth. ...
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A New Era of Taxpayer Compliance Monitoring
The close of 2025 marks a pivotal milestone for the Ministry of Finance, particularly the Directorate General of Taxes (DGT). In December 2025, the government issued Minister of Finance Regulation (Peraturan Menteri Keuangan/PMK) Number 111 of 2025 c...
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Coretax Rollout: Navigating Transition Period Disruptions
The Directorate General of Taxes (DGT) officially launched Coretax on January 1, 2025. This new tax administration system, which reportedly cost IDR 1.22 trillion, was designed to synchronize and integrate various tax applications across different pl...
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PMK 136/2024: Global Minimum Tax
In late December 2024, the government issued new global minimum tax imposition regulations. Through the Minister of Finance Regulation (Peraturan Menteri Keuangan / PMK) Number 136 of 2024 regarding the Imposition of Global Minimum Tax Under Internat...
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Tax Invoice Guidelines for the Transition Period
The Harmonization of Tax Regulations Law has set a Value-Added Tax (VAT) rate of 12% to take effect no later than January 1, 2025. This planned rate increase has sparked debates and discussions, with some opposing the change. In December 2024, severa...
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Tax Update: 12% VAT Targets Only Luxury Goods
Starting January 1, 2025, the Value-Added Tax (VAT) rate increased from 11% to 12%, as stipulated in Article 7 Section (1) of the VAT Law, amended by the Harmonization of Tax Regulations Law. Initially, in a previous press release (KT-03/2024), ...
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Stock Exchange Transaction Tax
The Indonesia Stock Exchange (IDX) closed its 2024 trading year on December 30. In his remarks, Inarno Djajadi, Chief Executive of Capital Market, Financial Derivative, and Carbon Exchange Supervision at the Indonesia Financial Services Authority, hi...
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Assessment of Land and Building Tax Objects
As the year winds down, regional governments typically offer amnesty for land and building tax payments. This initiative aims to enhance tax compliance and boost state revenue. Since 2010, the management of rural and urban land and building tax (Paja...
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Hot News: VAT to Rise by 12% in January 2025
In a recent press conference held on December 16, 2024, the Indonesian government announced a significant tax policy change. Starting January 1, 2025, the Value-Added Tax (VAT) rate will increase to 12%. The decision, disclosed by the Minister of Fin...
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Bad-Debt Reserves
Bad-debt reserve is a common challenge in the banking, insurance, and other financial services sectors. According to the Statement of Financial Accounting Standards (Pernyataan Standar Akuntansi Keuangan / PSAK), bad-debt reserves are addressed in PS...
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Official Statement on 12% VAT Rate Adjustment
The second week of December 2024 was a hectic period for both the government and taxpayers. With the impending launch of the Coretax system in January 2025, the government also announced a hike in the Value-Added Tax (VAT) rate to 12% at the start of...
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