What laws govern PT PMAs in Indonesia?
All PT PMAs are to be established under Indonesian laws, of which the most important is Law No. 40 of 2007 regarding Limited Liability Company. Law Number 25 of 2007 regarding Capital [...]
How can companies prevent acts of fraud related to online banking from being committed?
Many companies in Indonesia have faced some problems in dealing with acts of fraud which are associated with the company’s bank accounts. However, there are certain steps which could be taken by companies in [...]
How commonly used are online banking servies in Indonesia?
According to a report conducted in 2018, there are currently around 132 million Internet users in Indonesia today. Of these 132 million users, approximately 50 million of them use a smartphone as [...]
How well-regarded are Indonesia’s banks internationally?
The global reputation of the banks of Indonesia has risen in recent times. This is because Indonesia has several leading banks that have placed Indonesian banks in the spotlight at the international [...]
What are some details regarding banks in Indonesia?
Banks in Indonesia function on weekdays and Saturdays. Their opening hours are regulated by the country’s banking authorities. Usually, the opening hours of banks on weekdays are from 8am to 3pm. On [...]
Can a company have mroe than one resident director?
Indonesia’s company laws specify that all companies in the country are to have at least one resident director. However, these laws do not mention a maximum number of resident directors which a [...]
Can an Indonesian Company operate without a resident director?
Resident directors are crucial to the operation of any company in Indonesia. According to Indonesia’s current company laws, every company in the country is required to have a minimum of one resident [...]
How have Indonesia’s personal income Tax Rates changed over the years?
Indonesia’s highest personal income tax rate is 30%. This figure has remained constant since 2009. In 2009, it was lowered from its previous rate of 35%.
How much revenue through Taxation does the Indonesian government receive every year?
Much of the Indonesian government’s revenue comes from tax money which it receives. According to the latest statistics, the Indonesian government received over 1.566 quadrillion rupiah in tax money in 2017. This figure is equivalent [...]
What is the Directorate General of Taxes?
The Directorate General of Taxes is the Indonesian government agency which is directly concerned with tax-related matters in the country. It operates under the auspices of the Ministry of Finance. It creates and [...]