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Please find the latest compilation of articles on consutancy column facilitated by RSM to discuss questions related to audit, accounting, tax, corporate finance,  business services, governance, risk management, internal audit, and internal control.

Further Improvement of Tax Incentives for Taxpayers Affected by COVID-19

28 August 2020
Following the release of Minister of Finance (“MoF”) Regulation No. 86/PMK.03/2020 (“PMK-86”) that extended the applicable period and expanded the business sectors that can access the tax incentives previously provided under MoF Regulation No. 44/PMK.03/2020 of 27 April 2020, the MoF has now issued Regulation No. 110/PMK.03/2020 dated 14 August 2020 that:
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Extension & Expansion of Tax Incentives for Taxpayers Affected by COVID-19

13 August 2020
On 16 July 2020, the Minister of Finance (“MoF”) issued Regulation No. 86/PMK.03/2020 (“PMK-86”) that extends the applicable period and expands the business sectors that can access the tax incentives previously provided under MoF Regulation No.
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Enhancing Internal Audit Activity Through A Risk Based Approach

23 October 2018
An organisation that understand its risks, understand its opportunities. If it does not know its risks, it doesn't know the risks it can accept, it doesn't know the risk to take, it doesn't know how to grow and, sooner or later, it will wither away.
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Trade uncertainties may intensify focus on taxpayers

23 October 2018
Nicholas James Graham
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.
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Tax Office and Immigration cooperation is a further step towards greater compliance

9 July 2018
Nicholas James Graham
For years, the information “silos” within various Government departments have created opportunities for non-compliance.
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Be Ready for Application of Sustainable Finance Regulation

9 July 2018
Angela Simatupang
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.
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Will the new Tax Holiday regulation encourage investment?

9 July 2018
Nicholas James Graham
​​ 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?
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Annual Tax Returns, again

9 July 2018
Nicholas James Graham
​​ 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.
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Don’t Let Culture Risk Hold Back Your Business

9 July 2018
Angela Simatupang
​​ 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
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GDPR compliance: You have less than a year to prepare

4 July 2018
​​ Have you started your preparations for GDPR compliance?
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Personal tax residence – misconceptions & implications

4 July 2018
​​ 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 .
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Implications of AEOI Commencement for Indonesian Investors

4 July 2018
​​ 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).
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Beware of the Growing Bribery Risk in Your Business

3 July 2018
​​ 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.
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Managing Tax Risks on Outbound Investment

19 October 2017
The Indonesian tax implications of investments overseas by Indonesian tax residents (including expatriates) are not as obvious as you might think.
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The End of Tax Planning

19 October 2017
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?”
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Innovate or Die!

19 October 2017
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?
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Revenue from contracts with customers

19 October 2017
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.
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Change of the Impairment Model in Accounting Standards

19 October 2017
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.
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Managing Business Continuity

19 October 2017
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.
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Bank Financing Strategy

19 October 2017
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.
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Football Stars as Intangible Assets

19 October 2017
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.
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