Under ordinary circumstances, there are no people or companies which are not required to file an annual financial statement in Indonesia. However, there is one case in which a company may receive and use an audit exemption which permits it [...]
Financial statements specify the details of all income earned and spent by the company. Thus, it includes all profits and losses, and therefore states all expenses which are related to taxes. The statement includes information about [...]
The PSAK and IFRS have certain similarities and differences. Some of the standards as stated in the PSAK find a counterpart in a related IFRS standard. PSAKs 53, 58, 64, 71, and 72 are consistent [...]
Article 4 of the Minister Regulation No. 4 of 2014 regarding the Application Procedures for Approval of Ratification of a Legal Entity and Amendment of Articles of Association and Submission of Notice of Amendment of [...]
Local companies (PTs) which have their shares fully owned by Indonesian nationals or legal entities are legally obliged to give the company a name in Indonesian. However, foreign companies (PMAs) which either [...]
It is possible to change an Indonesian company’s name. However, additional rules might apply that do not apply to companies which have been newly established. For example, the Ministry of Law and [...]
In Indonesia, a phrase, symbol, device, word, symbol, or even color are legally allowed to be trademarked. Any element that differentiates the products or services of a certain company from those of a different one may be trademarked. However, the service or product must have been used in a commercial environment before any legal protection from the [...]
Trademark registration protects a trademark that customers will use to identify one’s products and services. Customers who have heard of or have had positive experiences with a certain company will be retained through intelligent use of a trademark. Trademarks also prevent competitors from damaging a [...]
Trademark laws protect a company logo as soon as it is used for business purposes. Such laws protect one’s exclusive rights to use of a company logo without the need for registration with any government agency. Registration of a company logo provides more protection for a company’s trademark rights.
Indonesia’s tax laws specify which companies in Indonesia are to be regarded as tax residents. These are companies which have either been domiciled or established in Indonesia. The location in which commercial [...]
