Introduction
Businesses operating in Indonesia must comply with local accounting standards and tax regulations. Accurate financial reporting is essential to avoid penalties and maintain corporate credibility.
Key Features of the Indonesian Tax System
- Transparent tax structure.
- Digital filing and payment system.
- Strict compliance rules.
- Access to tax treaties to avoid double taxation.
Main Taxes
- Corporate Income Tax.
- VAT.
- Withholding Tax.
- Import Duties.
Accounting Requirements
- Annual audited financial statements.
- Monthly tax filings.
- Bookkeeping according to Indonesian standards.