INDONESIA’S LEADING ACCOUNTING FIRM

Yes, failure to comply with accounting and tax regulations in Indonesia may result in penalties and fines imposed by the tax authorities. It is crucial to maintain accurate records, meet reporting deadlines, and adhere to the applicable accounting and tax requirements to avoid any penalties.

Small businesses that do not meet the criteria mentioned earlier are generally not required to have their financial statements audited. However, they are still required to maintain proper accounting records and comply with tax reporting ob

In accordance with the Company Law in Indonesia, limited liability companies are required to have their financial statements audited by a registered public accountant if they fulfil any of the following conditions:

Companies with total assets surpassing 50 billion rupiah (equivalent to US$3.36 million).

Publicly listed companies.

Companies that issue debt instruments.

Specific categories of state-owned enterprises.

Companies involved in the collection or management of public funds, such as banks and insurance companies.

An auditor plays a crucial role in verifying and assessing the accuracy and reliability of a company’s financial statements. They conduct an independent examination of the financial records, assess internal controls, and provide an audit opinion to enhance the credibility and transparency of the financial information

The financial statements must be prepared and filed within four months after the end of the company’s fiscal year. For example, if the fiscal year ends on December 31st, the financial statements must be submitted by April 30th of the following year.

Financial statements should be prepared at least once a year and submitted to the relevant authorities, such as the Ministry of Finance or the Indonesian Financial Services Authority (OJK), depending on the company’s size and industry.

All companies in Indonesia are required to maintain proper accounting records, including ledgers, journals, financial statements, and supporting documents.

Standar akuntansi di Indonesia adalah Standar Akuntansi Keuangan (SAK).

Indonesia belum mengadopsi standar IFRS untuk pelaporan oleh perusahaan domestik.

Tergantung pada volume aktivitas Anda, beberapa perusahaan melakukan akuntansi harian, mingguan, bulanan atau bahkan tahunan. Selama akhir tahun buku perusahaan, ada akurasi yang wajar dicapai dalam menyusun akun untuk pelaporan pajak yang akurat.

Sangat dianjurkan bagi setiap bisnis untuk memiliki akuntan profesional untuk mematuhi kepatuhan tahunan dan menghindari hukuman.

Perusahaan yang tidak menyampaikan Laporan Keuangan Tahunan melalui portal Kementerian Perdagangan dapat mengalami konsekuensi sebagai berikut:

• Peringatan tertulis
• Pencabutan izin usaha dan/atau operasional perusahaan atau izin komersial
• Rekomendasi pencabutan izin usaha dan/atau operasional perusahaan atau izin niaga

Peringatan harus dikirim dalam waktu 14 hari, hingga 3 kali.