What is the penalty for tax evasion in Indonesia?
An individual who does not submit tax return or submits an incorrect tax return will be subjected to 1 to 2 times of the tax that was underpaid or imprisoned from 3 [...]
How many countries are part of Double Tax Agreements with Indonesia?
As of 2021, Indonesia is part of double tax agreement treaties with 71 countries. Some of the most notable countries with which Indonesia has signed a double taxation agreement include Singapore, Malaysia, [...]
Do Double Tax Agreements affect Indonesia’s Tax Laws?
The signings of DTA with other countries may sometimes force changes of the taxation laws which have been created by the Indonesian government. Furthermore, the government policies with regard to foreign direct [...]
Can double tax agreements be either updated or abolished?
Depending on the type of DTA which is signed, any DTA could be rendered obsolete. There are instances when a country updates its taxation system which will require updating of one or [...]
If I have a work permit in Indonesia, can I bring my family to Indonesia?
Yes, work permit holders are eligible to apply for dependent visas for their spouse and children if they wish to live in Indonesia with you.
Is Indonesia a good place to work or live in?
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 [...]
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 [...]
How has the Indonesian Government attempted to reduce the tax crime rate?
The Indonesian government has been very serious about reducing the tax crime rate. It continues to modify the tax laws of the country in order to prevent people from committing tax crimes [...]
Does Indonesia follow IFRS?
Indonesia's approach to IFRS adoption is to maintain its national GAAP (Indonesian Financial Accounting Standards, IFAS) and converge it gradually with IFRSs as much as possible. Currently there is no plan (and [...]
Which financial Accounting Standard is Indonesia adopting currently?
International Financial Reporting Standard (IFRS) is adopted in Indonesia.