Non-Resident Taxpayers
In a previous article, Ideatax discussed resident taxpayers. This article now comprehensively focuses on non-resident taxpayers, covering their definition, applicable criteria, and practical examples based on the latest tax regulations. A good g...
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Resident Taxpayers: Definition, Criteria, and Latest Regulations
Determining whether a taxpayer qualifies as a resident taxpayer is a fundamental aspect of Indonesia’s tax system. This classification not only establishes the taxing rights of the Indonesian tax authorities but also defines the taxpayer’s obligation...
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Environmental, Social, and Governance: Understanding Responsible Investment in Indonesia
The severe floods that recently hit Sumatra and Aceh are a stark reminder that environmental damage can trigger widespread social and economic consequences. Alongside heavy rainfall, illegal logging and mining practices have diminished the water...
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Tax Holidays in Indonesia's Special Economic Zones
The Ministry of Finance has reported a steady increase in the estimated value of tax expenditures related to tax holiday incentives in Special Economic Zones (SEZs) over the years. While the growth is modest, it reflects a rising interest and confide...
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Pioneer Industry Tax Incentives: Requirements and Forecasts for 2025
The 2023 tax expenditure report has been released, providing an overview of the government budget allocated for various tax incentives, including tax allowances, tax holidays, and other benefits. These incentives are designed to stimulate economic gr...
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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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