Articles

The ongoing tit-for-tat imposition of tariffs between the US and China and the EU might not escalate into a full trade war, however, it is already impacting on global commodity prices and industrial activity. This has implications for Indonesia’s ambitious tax revenue target and, by extension, taxpayers.

For years, the information “silos” within various Government departments have created opportunities for non-compliance.

Indonesia Financial Services Authority (OJK) has issued a regulation on Application of Sustainable Finance to Financial Services Institution, Issuer and Public Company. Reporting of its implementation will  start in 2020, and companies is better to be ready at least 2 years prior to that.

​​ The Government is initiating various reforms to simplify doing business and to encourage investment.  A component of this is the recent tax holiday regulation.  But will this make a difference?

​​ For most taxpayers, it is now time to prepare your Annual Tax Return. Yogi Berra, “It’s like déjà vu all over again” - but with some new twists that you should be aware of.

​​ In executing the risk oversight function in the normal course of business as well as in business acquisition, board members need to take into account not only trending issues but also existing risk that som

​​ Have you started your preparations for GDPR compliance?

​​ Personal tax residence in Indonesia is not based solely on the existence of a work permit and it has broader implications than many are aware .

​​ The end of September marked the implementation deadline for 49 countries that had committed to the Automatic Exchange of Information (AEOI) under the Common Reporting Standard (CRS).

​​ For senior executives, it can be difficult to walk the line between running a competitive business while also enforcing strong measures to reduce potential risks of bribery, fraud or corruption activity.

The Indonesian tax implications of investments overseas by Indonesian tax residents (including expatriates) are not as obvious as you might think.

In recent months, a series of international agreements have been signed by the Government and regulations issued directed at minimizing tax evasion. These provoke the question – “Is this the end to tax planning?”

Too often we hear the term ‘innovate or die’,  off course we don’t want our business to die, and we choose to innovate. But do we really know how we embark this journey?

ED PSAK 72 specifies the accounting treatment for all revenue arising from contracts with customers. It replaces all existing PSAK dealt with revenue recognition. The core principle in ED PSAK 72 is that an entity will recognize revenue at an amount reflects the consideration to which the entity expects to be entitled in exchange for transferring goods or services to a customer.

The new Accounting Standards now introduce a different impairment model. Under the new standard the impairment model used is the expected credit loss impairment model.

Mostly Top level management still thinks that the Business Continuity  Management (BCM) is an IT issue and IT Organization is the one who is responsible to handle that.

Debt financing is often an important part of growing a business. While the process of obtaining debt financing is considered simple, there are basic issues that need to be understood and considered.

Lionel Messi, Neymar, and Christiano Ronaldo respectively, were the world top three  football players. Transfer value of these players can be as high as EUR 200 Million.