What is the minimum wage in Indonesia?
Indonesia's yearly minimum wage is $1,027.00 in International Currency.
Is 13th month pay mandatory in Indonesia?
Employees are paid a mandatory 13th-month salary payment in Indonesia, often referred to as THR.
How do I terminate an employee in Indonesia
Under the Indonesian labour law, termination of employment in Indonesia can be initiated by the employer through dismissal or by the employee through resignation.
What are the Labour laws in Indonesia?
A basic principle of Indonesian labour law is that the dismissal of an employee should be prevented and, in some cases, prohibited. Fundamentally, the relevant authorities must initially approve every termination of employment.
Which Singapore-based companies are not required to be audited?
Small companies in Singapore do not have to be audited. Small companies are defined as private limited companies which have less than S$10 million worth of total annual revenue, less than S$10 [...]
Must private companies in Singapore be audited?
The Singapore Companies Act states that every company, including a private company, must have its financial statements and accounting records audited at least once every year. Only companies which fulfill the criteria for audit exemptions do not have to be audited.
Do foreign companies in Singapore have to be audited?
Only the Singapore-based companies which have fulfilled the criteria for audit exemptions are allowed to remain unaudited. This is also true of all foreign companies based in Singapore.
Does my company still have to submit financial statements if the company is exempted from audit?
Yes, the submission of filing your annual financial statements is mandatory even if your company is exempted from audit. However, they do not need to be officially audited.
Do startups need to hire a professional accountant?
It depends on the owner’s background and expertise. If a business owner has no clue where to start and the basic accounting knowledge, it is best to hire one to make sure [...]
How do I evaluate if I should hire a professional accountant for my business?
You should consider hiring a professional accountant for your business if you are not familiar with Singapore’s corporate tax regulations, requirements, and tax laws. It is also a sign to hire a [...]