Which is the first largest accounting body in the world?
The Chartered Institute of Management Accountants (CIMA) is the world's largest and leading professional body of management accountants.
Does Indonesia adopt IFRS?
Yes. From 2015 onwards, the Indonesia Financial Accounting Standard (SAK) converged with the International Financial Reporting Standard (IFRS) entirely.
Who is obligated to be audited?
The Company Law mandates that financial statements of a limited liability company must be audited by a public accountant registered in Indonesia if they meet at least one of the following criteria: [...]
What is the best business to open in Indonesia?
Indonesia has over 17,000 islands, this allows travel agencies to reap the rewards of the high tourist traffic. Furthermore, Indonesia excels in the manufacturing, construction and e-commerce industries for foreign investment.
Are Indonesians welcoming to foreigners?
Yes. One of the most memorable aspect of Indonesia that foreigners remember is the warmth and friendliness of the people. The people are sociable and due to their culture of respect, foreigners [...]
How strict are Indonesia’s tax laws when compared to those of other countries?
The laws governing taxation, tax evasion, and avoidance are very strict in Indonesia. The Indonesian government deliberately chose to make the country’s tax laws strict in order to dissuade potential offenders from [...]
Which state in Indonesia has the best business opportunities?
Indonesia has lots to offer, from agriculture, to manufacturing and business. Depending on the industry you are looking at, there are different areas in Indonesia that excels in these areas. For example, [...]
What is the punishment for late taxes in Indonesia?
Ans: In the case of late payment, an individual may be subjected to an interest penalty, this will be calculated from the tax underpaid and subjected to an interest rate implemented by the Ministry [...]
What is the recent history of the minimum wage in Indonesia?
In 2019, the official minimum wage in Indonesia is 3.94 million rupiah per month. This figure represents an increase; the figure was 3.6 million rupiah per month in 2018. In general, the minimum wage [...]
Have the changes in the minimum wage in Indonesia been affected by the value of the rupiah?
In recent years, the value of the rupiah has declined. Over the last decade, the value of the rupiah has fallen from approximately 9,000 rupiah to the US dollar to approximately, 14,000 rupiah to the [...]