Entries by admin

Tax Treatment on Dividends

The Omnibus Law came into effect in November 2020. One of the key changes is the tax treatment of dividends and certain offshore incomes. Most received exemption by reinvesting their dividend / offshore income in Indonesia for a certain period of time. The Ministry of Finance Regulation No.18/PMK.03/2021 (“PMK-18”) issued on February 17, 2021 provides […]

Voluntary Disclosure Program

The Harmonization Law No. 7 issued on October 29, 2021 (“HPP Law”) added a number of changes in Tax Regulations. One of the regulations is regarding the Voluntary Disclosure Program (“VDP”). On December 23, 2021, the Ministry of Finance (MoF) issued Regulation No. 196/PMK.03/2021 (“PMK-196”) to outline the procedures to apply for the VDP as […]

Submission of LKTP (Annual Financial Statements of Companies)

Ministry of Trade Regulations No.25 Year 2020 On March 16, 2020 the Ministry of Trade issued new regulations relating to submissions of companies’ annual financial statements (LKTP), replacing the previous regulation about the same subject (Kepmenperindag No. 121 Year 2002). The new regulation emphasizes that once submitted, the financial information contained in the LKTP becomes […]

Limitation of Taxation Services for Prevention of Spreading of Corona Virus (Covid-19)

Nomor: SP-09/2020 Jakarta, March 15, 2020 In line with government efforts to prevent the spread of the Corona virus (COVID-19), effective from March 16 to April 5, 2020, the Tax Office’s Integrated Service Centers temporarily stop all taxation services in all Indonesia. Taxpayers can still submit annual and periodic filings of tax returns (SPT) through the […]

Batasan Upah Jaminan Pensiun Tahun 2020

Menindaklanjuti ketentuan PP Nomor 45 Tahun 2015 tentang Penyelenggaraan Program Jaminan Pensiun, dapat disampaikan hal-hal sebagai berikut :BPJS Ketenagakerjaan setiap tahun menyesuaikan besaran Upah tertinggi dengan menggunakan faktor pengali sebesar 1 (satu) ditambah tingkat pertumbuhan tahunan produk domestic bruto tahun sebelumnya (Pasal 29 ayat (3)) BPJS Ketenagakerjaan menetapkan dan mengumumkan penyesuaian batas upah tersebut paling […]