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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Determining the Registration of Individual and Corporate Taxpayers at Large and Special Tax Offices
As is widely known, the Directorate General of Taxes (DGT) classifies taxpayers in Indonesia into several administrative categories. These categories are managed under different tax offices, including small tax offices, medium tax offices, large tax ...
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Article 26 Withholding Tax on Foreign Taxpayers
Article 26 Withholding Tax on Foreign Taxpayers In previous articles, we have discussed withholding taxes under Articles 21, 22, and 23, as well as the income tax provisions under Articles 24 and 25. This time, we will look into Article 26 withh...
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The Chart of Accounts for Coretax Reporting
The Chart of Accounts for Coretax Reporting As 2025 winds down, corporate taxpayers with calendar-year reporting periods must prepare to transition to the new Coretax reporting system. This follows Minister of Finance Regulation Number 81 of 202...
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A Simple Guide: Coretax for Expatriates
A Simple Guide: Coretax for Expatriates The 2025 individual income tax filing season will kick off in early 2026. To ensure a smooth and efficient filing process, the Directorate General of Taxes (DGT) has begun its preparations well in adv...
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Global Minimum Tax: Opportunities and Challenges
The Indonesian government is set to introduce a global minimum tax in the near future, according to Deputy Minister of Finance II, Thomas Djiwandono (Metro TV, 2024). The move is expected to significantly increase tax revenues by IDR 3.8 to IDR ...
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Latest Provisions on VAT for Tobacco Product Delivery
IntroductionRegulations play a significant role in carrying out tax rights and obligations. This aligns with Article 23, Section 2 of the 1945 State Constitution of the Republic of Indonesia (Undang-Undang Dasar Negara Republik Indonesia Tahun 1945 /...
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PMK 69 of 2024: Updates on Criteria, Procedures, and Adaptation to the Global Minimum Tax
On 9 October 2024, the Minister of Finance issued Ministry of Finance Regulation Number 69 of 2024 (PMK-69) to update PMK Number 130/PMK.010/2020. PMK-69 introduces changes to the previous regulations regarding the corporate income tax (Pajak Penghas...
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Unraveling Tax Collection by Distress Warrant
The Directorate of General Taxes (DGT) has recently released its 2023 Annual Report, providing a clear account of its operations and accountability. The report highlights that during 2023, the DGT took preventive measures against tax bearers to colle...
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VAT on Foreign Representatives, International Organizations, and their Officials
The intricate system of tax regulations in Indonesia includes provisions that offer significant relief to certain international entities and their representatives.According to the Law of The Republic of Indonesia Number 7 of 1983 regarding Income Tax...
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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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