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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
The laws regarding taxation in Indonesia, depend upon whether the company in question employs any foreigners. Some of the primary taxes to be paid by a foreign company operating in Indonesia are individual income tax for employees in Indonesia, capital gains tax, withholding tax, payroll tax, business tax, and sales tax.
Indonesia has the biggest economy in South East Asia, this means that there is potential in the economic growth. Thus, Indonesia has a wide range of goods and services along with better [...]
Late returns or payments may subject the individual to a 2% surcharge of the amount of VAT due or a fine of IDR 500,000. In the case of serious fraudulent activates, criminal [...]
VAT is a crucial component of revenue generation for any country’s economy. Its proper enforcement can bring about significant growth to the economy. The VAT which has been collected by the Indonesian [...]
For most who live in Indonesia today, the cost of VAT is affordable. Thus, most goods and services are affordable as well. Therefore, the cost of living in Indonesia is not excessive [...]
